DUTCH CHEMICAL GROUP LAUNCHES DUAL CURRENCY BOND
Dutch state-owned chemical group N.V.
DSM is launching a 150 mln guilder dual currency bond with a
7-1/4 pct coupon due 1992 and priced at par, lead manager
Algemene Bank Nederland N.V. Said.
    Interest will be paid in guilders and each 1,000-guilder
bond will be redeemed in 313.00 sterling on April 15, 1992.
    Subscription closes Friday March 20, payment date is April
15, listing will be on the Amsterdam stock exchange.
    Co-leads are Bank Mees en Hope, AMRO Bank and Citicorp
Investment Bank (Netherlands). The management group consists of
RABO, NMB, CLN Oyens en van Eeghen and F van Lanschot Bankiers.
 REUTER
