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Bonds

Hysan FRN on track

PUBLISHED : Wednesday, 05 February, 1997, 12:00am
UPDATED : Wednesday, 05 February, 1997, 12:00am

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Hysan Development Co's planned $2 billion floating rate note to finance the purchase of Entertainment Building in Central is expected to be completed at the end of this month. The five-year note issue carries a coupon rate of 56 basis points above Hong Kong interbank offered rate.