INVESTORS IN INDUSTRY ISSUES FRENCH FRANC BOND
Investors in Industry International BV is
issuing a 500 mln franc bond with warrants guaranteed by
Investors in Industry Plc, lead manager Credit Commercial de
France said. Listing will be in London. The issue has a coupon
of 9-1/8 pct, matures on April 7, 1994 and is priced at 101
pct.
    Fees total 1-7/8 pct, with 1-1/4 for selling and 5/8 for
management and underwriting. There is a call at par from the
end of the third year. Each 10,000-franc bond has one 275 franc
warrant giving the right in the first three years to exchange
the host bond for a similar non-callable 9-1/8 pct 1994 bond,
or in years four-seven to buy a 9-1/8 pct 1994 non-callable
bond.
 REUTER
