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ICBC set to write down Iceland bonds

THE Industrial and Commercial Bank of China (Asia) Ltd, the Hong Kong unit of China's biggest lender, said it will write down in full the HK$600 million (US$77.4 million) it has invested in bonds issued by three banks...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200811/20081113/article_380432.htm"> ICBC set to write down Iceland bonds </a> by -- THE Industrial and Commercial Bank of China (Asia) Ltd, the Hong Kong unit of China's biggest lender, said it will write down in full the HK$600 million (US$77.4 million) it has invested in bonds issued by three banks... </p>