LB RHEINLAND-PFALZ ISSUES AUSTRALIA DLR BOND
Landesbank Rheinland-Pfalz Finance BV is
issuing a zero coupon 75 mln Australia dlr bond due May 7, 1992
priced at 52-3/4 pct for an effective yield to maturity of
14-1/4 pct, said Orion Royal Bank as lead manager.
    The issue is guaranteed by parent company Landesbank
Rheinland-Pfalz Girozentrale, which is jointly owned by the
West German state of Rheinland-Pfalz and local savings banks.
    Payment is set for May 7 and the securities will be listed
on the Luxembourg stock exchange. Denominations are 1,000 and
10,000 dlrs with a 7/8 pct selling concession and a combined
management and underwriting fee of 1/2 pct.
 REUTER
