JAPAN MARCH BOND COUPON SEEN UNCHANGED AT FIVE PCT
The Finance Ministry has proposed
informally to its bond underwriting syndicate that the coupon
on the January 10-year government bond remain unchanged from
February at five pct, underwriting sources said.
    They said the ministry wants a 0.50 yen raise in issue
price from February to 99.50 to yield a record low 5.075 pct.
    The 5.151 pct February bond issue yield was itself a record
low. The proposed issue volume is 475 billion yen against the
600 billion in February.
    The underwriting syndicate is likely to accept the proposed
terms immediately, the sources said.
 REUTER
