AMERICAN EXPRESS UNIT ISSUES NEW ZEALAND DLR BOND
American Express Overseas Credit Corp is
issuing a 50 mln New Zealand dlr bond due April 27, 1990
carrying a coupon of 18 pct and priced at 101-1/4, said Hambros
Bank Ltd as lead manager.
    The issue is guaranteed by American Express Co. Payment is
set for April 27, 1987 and the securities will be listed on the
Luxembourg stock exchange.
    There is a one pct selling concession and a 1/2 pct
combined underwriting and management fee.
 REUTER
