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ICBC yuan bond makes stunning debut

Orders hit 5.2b yuan for the 2b yuan issue of 2-year notes

[SINGAPORE] The maiden yuan-bond sale of the Industrial and Commercial Bank of China's (ICBC) Singapore branch has received strong demand. The two-year two billion yuan (S$408 million) bonds priced at 3.2 per cent on Tuesday night received orders hitting 5.2 billion yuan.

The issue by...

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