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ICBC Macau Branch Issues $250 Million Floating Rate Notes
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ICBC Macau Branch Issues $250 Million Floating Rate Notes

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Invest with Confidence:

Industrial and Commercial Bank of China ( (HK:1398) ) just unveiled an update.

The Industrial and Commercial Bank of China Limited, through its Macau branch, has issued $250 million in floating rate notes due in 2028 as part of its $20 billion global medium-term note program. These notes have been listed on the Chongwa (Macao) Financial Asset Exchange, enhancing the bank’s capital base and potentially influencing its market presence in the international financial landscape.

More about Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited is a leading financial institution in the People’s Republic of China, specializing in banking services. It operates under a global medium-term note program to raise capital through the issuance of various securities.

YTD Price Performance: 7.00%

Average Trading Volume: 18,057

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $298.6B

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