ROYAL INSURANCE ISSUES 300 MLN MARK EUROBOND
A Royal Insurance Plc unit is raising
300 mln marks via a five-year bullet eurobond with a 5-1/2 pct
coupon, priced at par, sole lead manager Commerzbank AG said.
    The bond, for Royal Insurance Finance NV, is guaranteed by
the parent. Investors will pay for the bond on April 9, and the
bond pays annual interest on the same day. It matures on the
same day in 1992. Fees total two pct, with 1-1/4 points for
selling, and 3/8 each for management and underwriting.
    Listing is in Frankfurt. The bond will be issued in
denominations of 1,000 and 10,000 marks.
 REUTER
