CHINESE CHEMICAL PLANT TO ISSUE DOMESTIC BOND
A chemical plant in the south China
province of Guangdong will raise 30 mln yuan by a domestic bond
issue, the China News Service, monitored here, said.
    It said the Shantou Photosensitive Chemicals Plant will
issue three-year bonds of fixed interest at 11 pct a year in
denominations of 50, 100 and 500 yuan.
    A subsidiary of the China Commercial and Industrial Bank is
arranger for the issue.
    The plant will use the proceeds to finance its expansion.
 REUTER
