FRANCE'S CENCEP ISSUES 1.9 BILLION FRANC BOND
Centre National des Caisses d'Epargne et
de Prevoyance (CENCEP) said it is issuing a 1.9 billion franc
two-tranche, 12-year domestic bond led by Caisse des Depots et
Consignations.
    One 1.3 billion franc tranche of 5,000 franc bonds will
have a fixed rate of 8.70 pct and issue price of 96.30 pct. A
600 mln franc tranche of 5,000 franc bonds will carry interest
of nine pct in the first year and then will have interest based
on 90 pct of average bond market yields (TMO) with a guaranteed
minimum of 5.5 pct. Issue price is 97.16 pct.
    Payment date for both non-callable tranches is April 6.
 REUTER
