• Wed
  • Sep 17, 2014
  • Updated: 3:43am

Societe Generale in issue

PUBLISHED : Thursday, 11 February, 1993, 12:00am
UPDATED : Thursday, 11 February, 1993, 12:00am

SOCIETE Generale Hongkong yesterday announced the issue of $100 million two-year reverse floating rate certificates of deposit (CD).


Interest on this CD issue is payable quarterly at a rate of 14.75 per cent minus two times the three-month Hongkong Interbank Offered Rate. Denomination of each CD is $500,000.


Societe Generale Asia is the arranger and will maintain an active secondary market by quoting two-way prices.


Payment date and maturity date are March 12, 1993 and March 14, 1995 respectively.


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