Chartered issues FRCD

STANDARD Chartered Bank hopes to tempt investors in debt securities with yet another Hong Kong dollar floating-rate certificate of deposit (FRCD) to add to the almost $4 billion it already has issued, bankers say.

Standard Chartered Markets would not comment on the reports, but other bankers said they expected it to bring Standard Chartered to the market with a $1 billion FRCD, with access to the liquidity adjustment facility operated by the Hong Kong Monetary Authority.

If the deal is launched, it will be Standard Chartered's third FRCD in less than a year.