FRANCE'S CNE ISSUES 650 MLN FRANC DOMESTIC BOND
Caisse Nationale de l'Energie is issuing
a 650 mln franc, 8.70 pct bond, due October 13, 1997 at par,
lead managers Banque National de Paris and Union de Garantie et
de Placement said. Societe Marseillaise de Credit is co-lead.
    The issue, announced earlier today by the French bond
issuing committee, is of 5,000 franc nominal bonds. The first
coupon of 213.50 francs will be paid on October 13, 1987 and
thereafter on April 13 each year.
    Each bond is accompanied by a warrant giving the right to
subscribe, from September 1 to 30, 1987, to a new CNE 8.70 pct
bond due October 1997 with a par issue price.
 REUTER
