News Column

BEA (China) Offer Negotiable Certificate of Deposit

August 21, 2014

BEIJING, August 21, SinoCast -- Bank of East Asia (China) declared offering of negotiable certificate of deposits (NCD) reaching CNY 500 million in inter-bank market, being one of the earliest foreign banks to do so, with a term of one month and interest rate of 4.4%.

The bank has applied for NCD quotas reaching CNY 3 billion for 2014 and will kick off following offering judging market situation.

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Source: Sinocast Banking & Credit Beat (China)

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