Forget about playing the national anthem before the main news and all those slogans dreamt up by overzealous politicians. When it comes to building national identity, actions always speak louder than words.Saturday, 18 December, 2004, 12:00am
STANDARD CHARTERED BANK and Wing Lung Bank both issued new deposit products last week in response to a growing demand for higher yield.4 May 2003 - 12:00am
Several Hong Kong banks are launching callable certificates of deposit (CDS) that provide higher interest rates than time deposits and savings accounts but lower risk than equities.
Callable CDs are debt instruments issued by banks for fixed periods in the same way that corporations issue bonds.20 Apr 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.7 Apr 2003 - 12:00am
The Secretary for the Treasury has announced a reduction in the rate of interest payable on Tax Reserve Certificates from 4.8208 per cent to 4.2708 per cent. The new interest rate will be effective on certificates purchased on or after Monday. The rate is revised periodically in line with the market.3 Feb 2001 - 12:00am
Kwong On Bank has sealed a deal to launch $500 million in floating-rate certificates of deposit. The issue was heavily oversubscribed so the amount had to be increased to $600 million.4 Jun 1998 - 12:00am
The general syndication for Dah Sing Bank's US$225 million floating rate certificate of deposit has been completed. The note has a tenor of five years.9 Oct 1997 - 12:00am
The Hongkong Chinese Bank has completed its deal to issue US$135 million of floating rate certificates of deposit due in 2002. The issue was 35 per cent over-subscribed, with participation of 17 international financial institutions.24 Jul 1997 - 12:00am
Bank of China's Hong Kong branch says the formal signing of its $4 billion floating rate certificates of deposit issue was completed yesterday.
The issue has a maturity of five years and carries an interest rate of 35 basis points over the one-month Hong Kong Interbank Offered Rate.25 Oct 1996 - 12:00am
SPC Credit has signed a three-year $900 million floating rate certificate of deposit facility.
The issue was part of the company's HK$3 billion certificate-of-deposit programme.
Pricing was set at 40 basis points over three-month Hibor and the deal was oversubscribed from the initial HK$500 million mandate. Schroders Asia and Societe Generale Asia were arrangers.30 Jul 1996 - 12:00am
MARKET practitioners doubt the release of a standardised ring-fencing statement by the Hong Kong Monetary Authority (HKMA) can revive the moribund fixed-rate certificate of deposit (CD) market.8 Jun 1995 - 12:00am
DAH Sing Financial's earnings growth in the next two years should be protected by continuing benefits from its takeover of Wing On Bank and a more diversified earnings base.
The acquisition of Wing On Bank in 1993 has been successfully managed to bring increased benefits and economies of scale ahead of schedule.29 Jan 1995 - 12:00am
HONG KONG banks reacted to further liberalised retail interest rate market yesterday by increasing interest paid to depositors by between 50 and 125 basis points a year.
Liu Chong Hing Bank stood out as the most aggressive, marking up rates above interbank market levels - generally considered as the indicator of funding cost for banks.4 Jan 1995 - 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.30 Nov 1994 - 12:00am
THE Bank of East Asia debt offering is a callable step-up structure, which has gained popularity among cautious investors recently.
Interest rate-linked investors can expect a lot more of this type of cash-raising from both corporates and banks given the expected strain on the local capital market in the debt-financing of the controversial new airport.7 Jun 1994 - 12:00am