NATIONAL AUSTRALIA BANK PLANS 75 MLN DLR CD ISSUE
The National Australia Bank's Hong
Kong branch is planning a 75 mln Australian dlr floating rate
certificate of deposit (CD) issue, banking sources said.
    The three-year issue, which matures April 9, 1990, is in
two tranches. Tranche A of 50 mln dlrs carries interest at 30
basis points below one-month bank bill rate, payable monthly,
and tranche B of 25 mln dlrs carries interest at 25 basis
points below three-month bank bill rate, payable quarterly.
    Fee for co-managers is 1/8 pct.
    Lead manager is BT Asia Ltd, and syndication is expected to
close on March 16.
 REUTER
