VOL. XXXV

NO. 16

20-JANUARY-1992

Financial and Banking News

Regional Financing

ABC's Hong Kong Subsidiary to Raise $30mn Floating Rate CD

Hong Kong-based International Bank of Asia, the wholly-owned subsidiary ofArab Banking Corporation, is to raise a five-year $30mn negotiable floating ratecertificate of deposit. ABC Investment and Services is to arrange the issuewhich will be priced at 37.5bp over three month Libor. Investors will have a putoption, at par, after three years. The payment date is...