DAIWA HOUSE EQUITY WARRANT INCREASED, FIXED
The five year equity warrant eurobond for
Daiwa House Industry Co Ltd <DHOU.T> has been increased to 400
mln dlrs from the initial 300 mln dlrs, lead manager Nomura
International Ltd said.
    The coupon has been set at 1-1/4 pct compared with the
indicated level of 1-5/8 pct. Bond market sources noted that
this equals the lowest ever coupon seen in this sector.
    The exercise price was set at 2,604 yen per share,
representing a premium of 2.52 pct over today's closing price
of 2,540 yen. The foreign exchange rate was set at 146.20 yen
to the dollar.
 REUTER
