Loan step closer

PUBLISHED : Thursday, 20 February, 1997, 12:00am
UPDATED : Thursday, 20 February, 1997, 12:00am

Hysan Development Co's plans to issue $2 billion in floating rate notes have moved a step closer with 10 international banks committed to underwrite the issue.

They are Bank of Tokyo-Mitsubishi, Sakura Finance, Sanwa International, DKB Asia, Fuji International, Societe Generale, BNP, Credit Lyonnais, Bank Austria and J.P. Morgan.

The syndication's deadline is tomorrow, and is expected to be formally signed on March 3.