FRANCE'S FSGT ISSUES 1.7 BILLION FRANC BOND
The Fonds Special de Grands Travaux (FSGT)
is issuing a 1.7 billion franc, 9.10 pct, 12-year domestic bond
at 99.30 pct, lead manager Societe Generale said.
    The bond, guaranteed by the state, will carry warrants
exchangeable for variable-rate bonds with interest based on the
average monthly yield of long-term state bonds (TME).
    Denominations are of 5,000 francs nominal and the first
coupon of 455 francs will be paid on March 23, 1988. Both the
bonds and the warrants will be quoted on the Paris Bourse.
 Reuter
