BOND CORP DETAILS BOND MEDIA ISSUE
Bond Corp Holdings Ltd <BONA.S> said its
previously announced float of <Bond Media Ltd> will be on the
basis of three shares at 1.55 dlrs each for every four Bond
Corp shares.
    For each five Bond Corp shares, Bond Media shareholders
will receive one free option exercisable up to March 1991, also
at 1.55 dlrs, Bond said in a statement.
    Bond Media will be owned about 50 pct by Bond Corp.
    Bond Corp is injecting Kerry Packer's electronic media
interests, which it purchased for one billion dlrs, into Bond
Media. It is also injecting Bond's own media holdings.
 REUTER
