FRANCE'S BFCE ISSUES 150 MLN DLR EUROBOND
Banque Francaise du Commerce Exterieur
(BFCE) is issuing a 150 mln dlr, seven pct bond due April 1,
1992 at par, lead manager Societe Generale said.
    The issue of unsecured, unsubordinated debt, is guaranteed
by France. Fees are 1-1/4 pct for selling, 1/4 pct for
management and 3/8 pct for underwriting.
    Payment date is April 1, listing is in Luxembourg and
denominations are of 1,000 and 10,000 dlrs. The launch spread
is 53 basis points over equivalent five-year treasuries.
 REUTER
