BCT Bank International SA on Jan. 25 will offer up to $1.0 million in 1-year tradable securities carrying an interest rate of 3.625%.

The series W notes, to be issued Jan. 27, are part of a revolving program worth $50 million, according to a prospectus filed with the Panamanian securities commission.

The bank offered up to $3.0 million in 1-year securities earlier in January at the same interest rate and under the same revolving program.