Three Gorges Development to issue 10-year floating bonds

PUBLISHED : Wednesday, 12 April, 2000, 12:00am
UPDATED : Wednesday, 12 April, 2000, 12:00am

Yangtze Three Gorges Development will issue three billion yuan in 10-year corporate bonds to domestic investors before the middle of next month to finance construction of its giant dam. The floating-rate coupons will be 1.65 to 1.75 percentage points higher than interest on one-year fixed bank deposits.