KONTROLLBANK ISSUES 150 MLN MARK PRIVATE EUROBOND
Oesterreichische Kontrollbank AG is
raising 150 mln marks through a private placement for five
years with a 5-1/2 pct coupon and priced at 100-1/4 pct, lead
manager Deutsche Girozentrale - Deutsche Kommunalbank said.
    The bond, guaranteed by Austria, will be issued in
denominations of 1,000 and 10,000 marks. No fees were
disclosed. Investors pay for the bond on May 21. The bond pays
yearly interest on that day, and expires on that day in 1992.
    The bond is callable for tax reasons only, with a premium
of one pct on May 21, 1988 and 1989, with a premium of 1/2 pct
on May 21, 1990, and at par on May 21, 1991.
 REUTER
