Note offer

PUBLISHED : Tuesday, 09 July, 1996, 12:00am
UPDATED : Tuesday, 09 July, 1996, 12:00am

China Trust Commercial Bank's US$150 million floating rate certificates of deposit issue is expected to be launched today. The facility has a tenor of five years and pays a coupon of 25 basis points over the London Interbank Offered Rate. Arrangers are Bayerische Landesbank Hong Kong, DKB Asia, Sanwa Bank, Mitsubishi Trust, Deutsche Morgan Grenfell and Sakura Bank.