DAIWA SINGAPORE LAUNCHES 100 MLN DLR MINEBEA BOND
Daiwa Singapore Ltd, wholly-owned by
Daiwa Securities Co Ltd of Japan, yesterday launched a 100 mln
U.S. Dlr tranche of an equity warrant eurobond in Singapore for
Japan's Minebea Co Ltd <MIAT.T>.
    The five-year eurobond carries an indicative coupon rate of
one and 5/8 pct and will be managed from Singapore. The
warrants may be exercised for shares in Minebea from July 1,
1987 to June 10, 1992.
    The bond was part of a 200 mln U.S. Dlr equity warrant
Eurobond issued by Minebea. Nomura International Ltd launched
the other 100 mln dlr bond in London.
 REUTER
