News Column

ICBC Seeks for Loans from Middle East

August 25, 2014

BEIJING, August 25, SinoCast -- Foreign media said that ICBC Financial Leasing Co., Ltd. under Industrial and Commercial Bank of China Limited (ICBC, SEHK: 1398, and SHSE: 601398) has invited Emirates NBD and SBI to arrange USD 300 million loans, whose interest rate is 2.1 percentage points higher than Libor. Consortium will be formed for the loans by the end of this month.

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Source: Sinocast Banking & Credit Beat (China)

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