DOW <DOW> TO OFFER 130 MLN DLRS IN SWISS NOTES
Dow Chemical Co said it will issue
200 mln Swiss franc-denominated bonds worth about 130 mln dlrs
U.S. at current exchange rates.
    The 12-year bonds will carry a coupon of 4-3/4 pct and will
be sold primarily to European investors for 100.25 pct of face
value, Dow said.
    Proceeds from the offering will be used to refinance
existing debt, it said.
    Underwriters are led by Union Bank of Switzerland.  The
bonds will be listed on stock exchanges in Basle, Berne,
Geneva, Lausanne and Zurich.
 Reuter
