NO. 20


Financial and Banking News

Regional Financing

International Bank of Asia Signs $35mn Facility

Hong Kong-based International Bank of Asia (IBA), the wholly-owned subsidiaryof Arab Banking Corporation, signed a $35mn negotiable floating rate certificateof deposit on 12 February. The amount was increased from $30mn duringsyndication. The certificates will carry a coupon of 3/8% over three month Liborand will be redeemable at par, at the option of investors, three...