BNP PLANS 100 MLN H.K. DLR CD ISSUE
Banque Nationale de Paris Hong Kong
branch is planning a 100 mln H.K. Dlr certificate of deposit
issue with BT Asia Ltd as lead manager, banking sources said.
    They said this is the first capped FRCD issue in Hong Kong.
It is in two equal tranches. Tranche A, which matures January
9, 1993, is payable April 9 this year. Tranche B, which matures
September 15, 1992, is payable April 15.
    Interest on both tranches is 1/8 percentage point over
three months Hong Kong interbank offered rate, subject to a
14-3/8 pct ceiling. Management fee is 25 basis points. The CDs
will be issued at par in denominations of 100,000 dlrs each.
 REUTER
