EC ISSUES 500 MLN FRENCH FRANC 10 YEAR BOND
The European Community is launching a 500
mln franc, 10-year bond fungible with its 600 mln franc 8-3/4
pct, April 7, 1997 issue, lead manager Banque Indosuez said.
Co-lead manager is Bank of Tokyo International.
    The issue price of the new tranche is 96-5/8 pct. Fees are
two pct, with 1-3/8 pct for selling and 5/8 pct for management
and underwriting combined including a 1/8 pct praecipuum.
    Payment date of the non-callable issue is July 7, plus
accrued interest.
    Denominations are 10,000 and 50,000 francs and listing is
in Luxembourg and Paris.
 REUTER
