NIPPON OIL AND FATS ISSUES EQUITY WARRANT EUROBOND
Nippon Oil and Fats Co Ltd is issuing a
70 mln dlr equity warrant eurobond due July 15, 1992 with an
indicated coupon of 1-3/8 pct and par pricing, lead manager
Yamaichi International (Europe) Ltd said.
    The issue is guaranteed by Fuji Bank Ltd and final terms
will be fixed on June 25. The selling concession is 1-1/2 pct
while management and underwriting combined pays 3/4 pct.
    The issue is available in denominations of 5,000 dlrs and
will be listed in Luxembourg. The payment date is July 15 and
the warrants are exercisable from July 29, 1987 until June 30,
1992.
 REUTER
