Floating-rate issue agreed
KWONG On Bank, an affiliate of the Fuji Bank of Tokyo, has signed a $300 million floating-rate certificate of deposit agreement with international institutions from Austria, Britain and Japan.
The issue was jointly arranged by Fuji International Finance (HK) and Schroders Asia. Participants are Jardine Fleming & Co and Z-Landerbank Bank Austria. Schroders Asia will also act as custodian and payment agent.