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Industrial and Commercial Bank of China this week brought the biggest dim sum bond sold in Singapore. More than 50% of the Rmb2bn ($328m) two year bond went to Singaporean investors, a result that was seen as a solid sign of growth for the new dim sum market and likely to prompt more Chinese banks to follow suit.
Bookrunners DBS, ICBC Singapore, ICBC, ICBC International and Standard Chartered Bank priced the bond at par to yield 3.2% on Tuesday. Initial guidance in...
