QUEBECOR ISSUES 60 MLN DLR CONVERTIBLE BOND
Quebecor Inc <PQB.A>, the Canadian
publishing concern, is issuing a 60 mln dlr convertible bond
due May 14, 1997 bearing an indicated coupon of 5-3/4 to six
pct, said Merrill Lynch Capital Markets as lead manager.
    The issue will be priced to have a conversion premium of 22
to 25 pct, with final terms to be set on Monday, April 6. The
company's stock last traded on the Toronto Stock Exchange at
19-3/8. The securities will be listed in Luxembourg and are
available in denominations of 1,000 and 10,000 dlrs.
    Fees include a one pct combined management and underwriting
and a one pct selling concession.
 REUTER
