First Euro Denominated Certificate of Deposit issued in London
Today, First Chicago announced the first issuance of a euro-denominated CD in the London Market. The EUR 15 million CD, issued by ABN AMRO, has a nine month maturity and a yield of 4.13%. The First National Bank of Chicago, London Branch acted as Issuing and Paying Agent (IPA) on the issue. The CD settled in the First Chicago Clearing Centre (FCCC). Euro denominated CDs are also eligible for settlement in Euroclear and Cedel Bank.