BFCE ISSUES 17 BILLION YEN EUROBOND
Banque Francaise du Commerce Exterieur
(BFCE) is issuing a 17 billion yen eurobond due May 11, 1992
with a 4-3/8 pct coupon and priced at 102-3/8 pct, lead manager
Nippon Credit International Ltd said.
    The bonds, guaranteed by the Republic of France, carry a
put and call option at par on the interest payment date in
1990. Listing will be in Luxembourg and the bonds will be
issued in denominations of one mln yen. Payment date is May 11.
    Gross fees of 1-7/8 pct comprise 5/8 pct for management and
underwriting combined and 1-1/4 pct for selling.
 REUTER
