K-O-P EQUITY WARRANT BOND EXPECTED TO BE SWAPPED
The proceeds from yesterday's 100 mln
dlr equity warrant for Kansallis-Osake-Pankki (K-O-P) will
probably be swapped into floating rate dollars once the final
terms have been set for the deal, executive vice-president
Erkki Karmila told a press conference.
    The seven-year issue has an indicated coupon of 4-1/8 to
4-5/8 pct and is priced at par. Final terms will be set on
April 7.
    Karmila said that in the short term K-O-P did not need
additional capital funds but the issue "gives us access to
attractive funds."
 REUTER
