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ICBC raises US$650M in note issue

Industrial & Commercial Bank of China Ltd. raised US$650 million by issuing medium-term floating-rate notes.

The bank's Singapore branch issued US$350 million of notes due in 2023, while its Sydney branch issued US$300 million of notes due in 2021.

The notes were listed on the Singapore Exchange and the Australian Stock Exchange May 25, the lender said in same-day releases.