FRENCH TREASURY DETAILS PLANNED TAP ISSUE
The French Treasury will issue between
eight and 12 billion francs worth of tap stock depending on
market conditions at its monthly tender on Thursday, the Bank
of France said.
    The planned issue will be of two fixed-rate tranches, of
the 8.50 pct June 1997 and the 8.50 pct December 2012 stock,
and one tranche of the variable-rate January 1999 stock.
    The minimum amount of each tranche to be sold will be one
billion francs.
 REUTER
