CITIBANK SELLS MARK/AUSTRALIAN DLR WARRANTS
Citicorp said that on behalf of its
Citibank N.A. Subsidiary, it is issuing 100,000 naked currency
warrants priced at 67-1/2 marks each to purchase Australian
dlrs for marks at a rate of 1.1825 marks per Australian dlr.
    The current rate is 1.2850 marks per Australian dlr. Each
warrant is for a nominal amount of 1,000 marks and the minimum
purchase will be for 100 warrants.
    The warrants expire on January 8, 1988. Payment is due on
April 8 and the warrants will be listed on the Luxembourg Stock
Exchange.
 REUTER
