HOKKAIDO TAKUSHOKU BANK ISSUES 100 MLN SFR NOTES
Hokkaido Takushoku Bank Ltd is launching
100 mln Swiss francs of convertible notes due September 30,
1992, indicated at 1-1/4 pct and par, lead manager Swiss Bank
Corp said.
    Pricing and conversion terms will be fixed on April 19 and
payment date is April 30. Interest is payable half-yearly.
    Early redemption is possible from March 31, 1990 at 104
pct, declining by one point per half-year thereafter, and for
tax reasons from 1988 at 102 pct, declining by 1/2 point
annually thereafter.
 REUTER
