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Bonds

Longest-term CD offering

PUBLISHED : Wednesday, 14 July, 1993, 12:00am
UPDATED : Wednesday, 14 July, 1993, 12:00am

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STANDARD Chartered of Hongkong will issue an eight-year fixed-rate certificate of deposit (CD) amounting to $200 million, its longest-maturing CD ever.


A spokesman said the bank was anticipating long-term funding needs arising from the impending infrastructure projects. The CD coupon rate is eight per cent.