Hong Kong Monetary Authority

Lippo paper

PUBLISHED : Thursday, 01 May, 1997, 12:00am
UPDATED : Thursday, 01 May, 1997, 12:00am

Lippo Ltd yesterday signed a US$120 million commercial paper programme, arranged by International Bank of Asia.

The company, part of the Indonesian-based Lippo Group, sees the programme as a sort of revival for the commercial paper market in Hong Kong, which has been almost non-existent since the Hong Kong Monetary Authority started issuing short-term notes.

Under the programme, Lippo can issue paper with maturities ranging from one month to five years.




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