METROLOGIE ISSUES 73.8 MLN FRENCH FRANC BOND
French financial group Metrologie
International said it is issuing 73.8 mln francs worth of stock
option bonds with Banque Paribas as lead manager.
    The eight-year issue at par will carry interest of six pct
payable on August 3. Existing shareholders will have priority
subscription to the 1,000 franc nominal bonds on the basis of
one bond for 14 shares held.
    Each bond will be accompanied by two warrants giving the
right to subscribe to one 40 franc nominal share at a price of
580 francs.
 REUTER
