SPC signs $900m note issue

PUBLISHED : Tuesday, 30 July, 1996, 12:00am
UPDATED : Tuesday, 30 July, 1996, 12:00am

SPC Credit has signed a three-year $900 million floating rate certificate of deposit facility.

The issue was part of the company's HK$3 billion certificate-of-deposit programme.

Pricing was set at 40 basis points over three-month Hibor and the deal was oversubscribed from the initial HK$500 million mandate. Schroders Asia and Societe Generale Asia were arrangers.