Wing Hang Bank

Wing Hang in CD issue

PUBLISHED : Saturday, 20 March, 1993, 12:00am
UPDATED : Saturday, 20 March, 1993, 12:00am

WING Hang Bank has concluded its first syndicated certificate of deposit issue, with $250 million of floating rate negotiable CDs maturing March 22, 1996.


The CDs bear a floating annual interest rate of HIBOR (the Hongkong interbank offered rate) plus 60 basis points, payable quarterly in arrears.