ICBC's convertible bond net subscription exceeding 2 trillion yuan

ICBC issued 25 billion yuan A-share convertible bonds yesterday.　　China Securities News reporter learned that the distribution network under the total subscription funds of more than 2 trillion yuan, creating a domestic convertible bond issuance of the total subscription of the all-time high. Analysts said that in the consideration of priority placements and online subscriptions, the convertible bond is expected to be under the network under 1%.　　At present, ICBC trading rate is only 1.7 times times p/b, appreciation potential, with a certain investment value, at the same time, the terms of the convertible bond set reasonable, balance the interests of various types of investors demand. ICBC issued in Thursday after the launch of the market, led to the demand for large funds, the money market 7-day repo rate has also increased markedly, from August 26 1.83% to 31st 2.25%.