HONG KONG -- Bank of America (Asia) Ltd. said it had made its first issue of Hong Kong floating-rate certificates of deposit. The issue was originally slated to be 500 million Hong Kong dollars, equivalent to $65 million, but it was oversubscribed and ended up at double the amount.

The BankAmerica Corp. subsidiary operates 18 retail bank branches in Hong Kong, two in Macao, and one in Thailand.

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