ZENCHIKU ISSUES 40 MLN DLR EQUITY WARRANT BOND
Zenchiku Co Ltd is issuing a 40 mln dlr
equity warrant eurobond due April 30, 1992 paying an indicated
coupon of 2-1/4 pct and priced at par, lead manager Daiwa
Europe Ltd said.
    Final terms will be fixed on April 13 and the non-callable
issue is available in denominations of 5,000 dlrs. It is
guaranteed by Mitsui Bank Ltd. The selling concession is 1-1/2
pct while management and underwriting combined pays 3/4 pct.
    The payment date is April 30 and the issue will be listed
in Luxembourg. The warrants are exercisable from May 18, 1987
until April 10, 1992.
 REUTER
