ICBC bites the preference share bullet

China’s biggest lender sells $5.7 billion of offshore Additional tier-1 notes in three different currencies, obtaining a staggering $28 billion total order book.

ICBC launched a pioneering triple-currency $5.7 billion additional tier-1 perpetual offering on Wednesday, the second preference share offering by a Chinese financial institution in just over a month.

¬ Haymarket Media Limited. All rights reserved.

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