SUMITOMO BANK HAS 500 MLN STG CD PROGRAM
Sumitomo Bank Ltd said it established a
500 mln stg certificate of deposit (CD) issuance program,
arranged by Morgan Grenfell and Co Ltd.
    Dealers will be Morgan Grenfell, Lloyds Merchant Bank Ltd,
Samuel Montagu and Co Ltd, Salomon Brothers International Ltd,
Sumitomo Finance International and S.G. Warburg and Co Ltd.
    Maturities will be between seven days and five years and
paper will be issued in denominations of 250,000, 500,000 and
one mln stg.
 REUTER
