DAI NIPPON TO ISSUE THREE DOMESTIC CONVERTIBLES
Dai Nippon Printing Co Ltd <DPRI.T> said
it will issue three convertible yen bonds on domestic markets.
     It will issue a 25 billion yen 15-year bond through public
placement with Yamaichi Securities Co Ltd as lead manager. It
will also issue a 15 billion yen 10-year bond and a 10 billion
yen six-year bond through public placement, both with Nomura
Securities Co Ltd as lead manager.
    Coupon and conversion price for the par-priced bonds will
be set at Dai Nippon's next board meeting. Payment will be due
on June 1. The 15-year bond will mature on May 31 2002, the
10-year on May 30 1997, and the six-year on May 31 1993.
    Dai Nippon's share price rose 20 to 1,800 yen on the Tokyo
Stock Exchange today.
 REUTER
