TOYO TRUST ISSUES 100 MLN DLR CONVERTIBLE BOND
Toyo Trust and Banking Co Ltd is issuing
a 100 mln dlr convertible eurobond due March 31, 2002 paying an
indicated two pct and priced at par, lead manager Toyo Trust
International said.
    The issue is callable after three years at 104 pct
declining by 1/2 pct per annum to par thereafter. It is not
callable unless the share price exceeds the conversion price by
150 pct.
    The selling concession is 1-1/2 pct while management and
underwriting each pay 1/2 pct. Final terms will be fixed on
April 10. The payment date is April 30 and there will be a
short first coupon period. The issue will be listed in
Luxembourg.
 REUTER
