BANK OF TOKYO ISSUES CONVERTIBLE EUROBOND
The Bank of Tokyo Ltd is issuing a 100
mln dlr convertible eurobond due March 31, 2002 paying an
indicated coupon of two pct and priced at par, lead manager
Bank of Tokyo International Ltd said.
    The coupon will be fixed on April 8 while the conversion
price and foreign exchange rate will be set on April 9. The
selling concession is 1-1/2 pct while management and
underwriting each pay 1/2 pct.
    The issue is available in denominations of 5,000 dlrs and
is convertible from May 20, 1987 until March 20, 2002. The
payment date is April 30 and there will be a short first coupon
period.
 REUTER
