QPL plans US$100m floating rate issue

QPL International Holdings intends to issue US$100 million in floating rate notes due in 2002, guaranteed by two wholly owned subsidiaries of the company.

The notes would be issued in denominations of $500,000 each.

Interest would be payable every six months at an interest rate of 1.45 percentage points over the London interbank offered rate.

The notes will be listed on the Luxembourg Stock Exchange.