GUNZE SANGYO ISSUING 25 MLN SWISS FRANC NOTES
Gunze Sangyo Inc of Tokyo is issuing 25
mln Swiss francs of five year convertible notes with a 1-1/2
pct coupon, lead manager Swiss Volksbank said.
    The conversion price has been set at 463 yen per share,
compared with today's 450 yen close.
    Payment is due March 30.
 REUTER
