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...
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