US$200m FRCD offered

PUBLISHED : Wednesday, 30 November, 1994, 12:00am
UPDATED : Wednesday, 30 November, 1994, 12:00am

THAI Military Bank, the country's sixth largest commercial bank, has launched a US$200 million floating-rate certificate of deposit (FRCD) issue, maturing in 2000.

The FRCDs would be deposited in two equal amounts, said Bank Brussels Lambert Singapore, one of the FRCD's eight arrangers. The deal would be issued through Thai Military Bank's Cayman Islands branch.

The issue would mature five years from deposit date, which probably would be January and June next year respectively.