Lippo Bank's FRCD raised

Lippo Bank's FRCD raised

HONG KONG (Reuter): PT Lippo Bank's floating rate certificates
of deposit issue (FRCD) has been increased to US$60 million from
$50 million due to oversubscription, arranger LTCB Asia said
yesterday.

The certificates, which were issued through the bank's Cook
Islands branch, have a maturity of four years and a put option in
year two. They were issued at par to float at 80 basis points
over the six-month London Interbank Offered Rate.

With fees, the all-in return for top-tier managers is 101
basis points.

Arrangers, with $4.75 million each, are Arab Banking Corp
Singapore, Banque Nationale de Paris Singapore, LTCB Asia and
Tokai Asia. Co-lead managers, with $4 million each, are Bank of
New York Hongkong, Daiwa Securities (HK), KDB International
(Singapore) and Yasuda Trust Banking Co Singapore.

Senior managers are Baden-Wurthembergische Bank, Chinatrust
Commercial Bank and Kookmin Bank Singapore (Merchant Bank), with
$3 million each.

Other senior managers, with $2 million each, are Bank Austria
Aktiengesellschaft Singapore, Bankers Trust Co Hong Kong, Bear
Stearns Asia, Chase Manhattan Asia, Credito Italiano SpA
Singapore, Far Eastern International Bank Offshore Banking
branch, PT Bank Negara Indonesia (Persero) Hong Kong and Taiwan
Cooperative Bank Offshore Banking branch.