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ICBC provides bond financing services for Chinese companies going global

May 25, 2020


Abstract : The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, has actively provided global bond financing services for Chinese companies going global, supporting them in fighting against COVID-19 and maintaining business stability since this year.

BEIJING, May 25 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, has actively provided global bond financing services for Chinese companies going global, supporting them in fighting against COVID-19 and maintaining business stability since this year.

According to statistics released by the bank on Sunday, it provided overseas bond underwriting services for more than 30 Chinese companies in the first four months of this year, with the amount equivalent to 160 billion yuan.

Since 2018, ICBC has offered overseas bond underwriting services for over 450 Chinese companies in total, involving a total amount of 1.76 trillion yuan.

At the beginning of 2020, acting as a joint global coordinator, ICBC assisted China Minmetals Corporation in successfully issuing 1 billion U.S. dollars worth of 4.5-year non-redeemable senior perpetual bonds, which has effectively helped the company replenish its capital.

In addition, ICBC also makes full use of its advantages in international operation to assist high-tech companies in seeking overseas financing and supports logistics companies to resume work. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: ICBC bond

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