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International bonds: ICBC (Dubai Branch), FRN 23jun2023, USD
XS2193679706

  • Placement amount
    100 USD
  • Outstanding amount
    100 USD
  • USD equivalent
    100 USD
  • Minimum Settlement Amount
    200 USD
  • ISIN RegS
    XS2193679706
  • Common Code RegS
    219367970
  • CFI RegS
    DYVUXB
  • FIGI RegS
    BBG00VHZMJV5
  • Ticker
    ICBCAS F 06/23/23
DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

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Issue information

Profile
ICBC Dubai Branch operates as a subsidiary of Industrial and Commercial Bank of China. Industrial and Commercial Bank of China Limited ("ICBC"), which was incorporated in the People’s Republic of China on 1st of January in 1984, ...
ICBC Dubai Branch operates as a subsidiary of Industrial and Commercial Bank of China. Industrial and Commercial Bank of China Limited ("ICBC"), which was incorporated in the People’s Republic of China on 1st of January in 1984, is now one of the largest commercial banks in the world. In October 2008, the opening of Industrial and Commercial Bank of China (Middle East) Limited ( regulated by the Dubai Financial Services Authority) and Industrial and Commercial Bank of China Limited, Doha (QFC) Branch (regulated by the Qatar Financial Centre Regulatory Authority) allows ICBC to become the pioneer among the Chinese financial institutions for the Middle East market. With strong support from its Head Office located in Beijing, ICBC's Middle East operation became the earliest overseas institution to implement a centralised regional management framework. Since the commencement of ICBC's Middle East operations, it is able to achieve outstanding financial results with total asset size in excess of USD 600 million. At the same time, Industrial and Commercial Bank of China Limited - Abu Dhabi Branch (regulated by the Central Bank of United Arab Emirates) has granted a wholesale banking license, allow ICBC to gain excess to the UAE local markets and further expand its network within the region. In November 2013, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch (regulated by the DFSA) formally commenced operation, allowing ICBC to continue its business expansion and increase its abilities to better serve its clients, to further enhanced the strong business ties between China and GCC region. ICBC's Middle East operation aims to develop into the most profitable unit per capita, while increasing its regional influential to become one of the most respectable bank in the Middle East abundant marketing resource.
  • Borrower
    Go to the issuer page
    ICBC (Dubai Branch)
  • Full borrower / issuer name
    Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch
  • Sector
    corporate
  • Industry
    Banks
Volume
  • Placement amount
    100,000,000 USD
  • Outstanding amount
    100,000,000 USD
  • Outstanding face value amount
    100,000,000 USD
Nominal
  • Minimum Settlement Amount
    200,000 USD
  • Outstanding face value
    *** USD
  • Par amount, integral multiple
    *** USD
  • Nominal
    200,000 USD

Cash flow parameters

  • Reference rate
    3M LIBOR USD
  • Coupon Rate
    ***
  • Day count fraction
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Delay days
    *** days
  • Maturity date
    ***
  • Early redemption date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Order book
    *** (***) - *** (***)
  • Coupon (Yield) Guidance
    ***% - ***% (*** - ***%)
  • Issuer rating on issue date (M/S&P/F)
    *** / - / -
  • Placement
    *** - ***
  • Initial issue price (yield)
    (***%)
  • Bids
    *** USD
  • Number of bids
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Listing
    ***
Participants
  • Bookrunner
    ***, ***
  • Depository
    ***, ***

Conversion and exchange

  • Convertion date
    ***
  • Initial premium
    ***%
  • Convertible until
    ***
  • Lock-up
    *** days
  • Conversion terms
    ***

Additional information

***

Identifiers

  • Registration
    ***
  • Date of program registration
    ***
  • ISIN RegS
    XS2193679706
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    219367970
  • CFI RegS
    DYVUXB
  • FIGI RegS
    BBG00VHZMJV5
  • Ticker
    ICBCAS F 06/23/23
  • Type of security by CBR
    ***

Ratings



Bond classification

  • Senior Unsecured
  • Coupon bonds
  • Bearer
  • Floating rate
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Indexed
  • Supranational bond issues
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

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