MITSUBISHI TO ISSUE TWO CONVERTIBLE BONDS
Mitsubishi Corp <MITT.T> said it will
issue a 50 billion yen unsecured seven-year convertible bond
and a 30 billion yen unsecured nine-year convertible bond on
the domestic capital market through public placement with Nikko
Securities Co Ltd as lead manager.
    Coupon and conversion price for both par-priced bonds will
be set at a board meeting to be held later this month and
payment is due on May 14, Mitsubishi said in a statement. The
seven-year bond matures on September 30, 1994, and the
nine-year bond on September 30, 1996. Mitsubishi's share price
fell 30 yen to 1,200 on the Tokyo Stock Exchange today.
 REUTER
