Industrial Bank $5 billion MTN programme

Overview:

• Industrial Bank has established a $5 billion MTN programme,
• The first drawdown under the programme consisted of an issue of $1 billion notes in two tranches - $700 million notes due 2019 and $300 million notes due 2021.
• The bank is an established nationwide joint-stock commercial bank headquartered in Fujian Province, China. 
• It is among the first batch of commercial banks whose establishment was approved by the State Council and People's Bank of China at the state level. 

Wai Yee Tsang - Journalist