COUPON CUT ON KEIHANSHIN REAL ESTATE WARRANT BOND
The coupon on the 25 mln dlr equity
warrant eurobond for Keihanshin Real Estate Co Ltd has been set
at 2-1/8 pct compared with the 2-1/4 pct indication, lead
manager Daiwa Europe Ltd said.
    The exercise price has been set at 810 yen per share which
represents a premium of 2.53 pct over today's closing price of
790 yen. The exchange rate was set 146.30 yen to the dollar.
    The five-year deal is priced at par and guaranteed by the
Sumitomo Bank Ltd.
 REUTER
