Finance

IBA STARTS RETAILING CERTIFICATES OF DEPOSIT

PUBLISHED : Monday, 07 April, 2003, 12:00am
UPDATED : Monday, 07 April, 2003, 12:00am

International Bank of Asia (IBA) said its five-year HK$100 million 'callable' fixed rate certificates of deposits would open for retail subscription today. The issue carries a coupon of 3.7 per cent for the first two years and a step-up coupon of 4 per cent for the third to fifth years if the CD is not called on the second anniversary.