MERITOR SAVINGS BANK LAUNCHES 200 MLN DLR BOND
Meritor Savings Bank, a U.S. Savings and
loan, is issuing 200 mln dlrs of collateralised eurobonds due
April 14, 1992 priced at 101-3/8, with a 7-1/2 pct coupon, lead
manager Goldman Sachs International Corp said.
    The issue is non-callable and is collateralised by U.S.
Treasury and agency securities and cash and will be offered in
targetted registered form. The bonds will be sold in
denominations of 5,000 and 10,000 dlrs and listed in
Luxembourg.
    Fees are 1-1/4 pct for selling and 5/8 pct for management
and underwriting combined. Payment is April 14.
 REUTER
