A bond loan of BGN 1 million will be issued by Razvitie Industrial Holding, the holding's general shareholders meeting decided yesterday. The issue will be public. It will have a maturity of three years. Coupon payments will be due semi-annually, the par value of a bond will be BGN 5. The interest on the bonds has not been set yet; the holding's board of directors is going to set it just before the start of the issue depending on the market conditions. Yields on the bonds will be in any case higher than those on government securities and bank deposits, Razvitie said. The money from the loan will be used for investments in the holding's subsidiaries. As much as 90% of the holding's net profit for 1999, amounting to BGN 146,000, will be spent for the same purpose