• Fri
  • Aug 22, 2014
  • Updated: 5:10am

$250m CD goes scripless

PUBLISHED : Monday, 17 January, 1994, 12:00am
UPDATED : Monday, 17 January, 1994, 12:00am

STANDARD Chartered Asia said yesterday it had arranged a $250 million fixed rate certificate of deposit (CD) issue for Standard Chartered Bank in November.


Standard Chartered said it was the first ''scripless'' issue because no certificates would be issued. Transfer of titles would be executed in computer book entry form and no physical delivery of instruments was required, it said.


The issue, which will be registered under the Central Moneymarkets Unit Service, has a deposit date of February 1, 1994 and a maturity date of July 31, 1996.


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