Medium Term Note (MTN) Program

HVB Singapore launched a US$ 5 billion Medium Term Note Program in September 2001.  This debt instrument has the unique characteristic that notes are offered continuously to investors.

Under the MTN Program, HVB Singapore and HVB Hong Kong can issue notes with several maturity ranges, denominated in any currency or any specific structure, which may bear fixed, floating or variable interest rates.  

MTN Program Details
MTN Program Specifications

Certificate of Deposit Program

HVB Hong Kong has successfully launched a HKD 2 billion Certificate of Deposit Program in September 1998. In 2001, the program size has been increased to HKD 10 billion. Our interest rate derivative desk can tailor debt instruments under this program to match our investors' cash flows. Investors can select HKD or USD for tenors of 1 up to 10 years and interest rate structures such as plain vanilla or with embedded options.