HONGKONG Bank has raised $300 million through its $8 billion certificate of deposit revolving issuance programme and may be considering a $1 billion floating-rate certificate of deposit (FRCD) issue through the same facility. HSBC Markets arranged three fixed-rate certificate of deposit issues for the bank under the facility last week, according to Asian credits newsletter Basis Point. The issue was in three tranches. The first $100 million tranche matured in January 1998, the second matured in April 1999 and the third would mature in July 1999, the newsletter said. The bank announced its revolving certificate of deposit issuance programme late last year and has issued regularly from the facility, including a highly successful FRCD in April. It would not confirm if it was going ahead with an issue soon. The bank was reported to have been considering a five-year, $1-billion FRCD with a coupon of 42.5 basis points.