BNL UNIT ISSUES 15 BILLION YEN EUROBOND
A unit of Banca Nazionale del Lavoro is
issuing a 15 billion yen eurobond due May 12, 1992 paying 4-1/2
pct and priced at 101-1/2 pct, market sources said. The joint
bookrunners are Tokai International and Daiwa Europe Ltd.
    The formal name of the borrower is Banca Nazionale del
Lavoro (London Branch) (Through the Law Debenture Corporation
Plc). The non-callable bond is available in denominations of
one mln yen and will be listed in Luxembourg.
    The selling concession is 1-1/4 pct while management and
underwriting combined pays 5/8 pct. The payment date is May 11
and there will be a long first coupon period.
 REUTER
