Summary by Futu AI
The Industrial and Commercial Bank of China Limited (hereinafter referred to as the “Industrial Commercial Bank”) announces the issuance of floating rate notes totaling US$1,000,000,000, RMB 3,000,000,000 RMB 2.88cm notes and 300,000,000 Euros 3.697 cent. notes, respectively, expected in 2027 Expiry year. These notes were issued under the Commerce Bank's $20,000,000,000 global mid-term note program. The ICBC has applied to the Hong Kong Stock Exchange Limited for the listing and trading of these notes by professional investors. The listing date is expected to be 24 May 2024. In addition, the ICBC also plans to list the notes on the international securities markets of the Singapore Stock Exchange Limited and the London Stock Exchange. The announcement was issued by the Board of Directors of the Industrial and Commercial Bank in Beijing, China on 23 May 2024.