RURAL BANKING AND FINANCE ISSUES ZERO COUPON BOND
The Rural Banking and Finance Corporation
of New Zealand is issuing a zero coupon eurobond with a total
redemption amount of 19 billion yen, lead manager Nomura
International Ltd said.
    The issue matures on April 15, 1992 and is priced at 81.22
pct. The deal is being sold through the Bank of New Zealand and
is guaranteed by New Zealand. The selling concession is 85
basis points while management pays 70 basis points.
    The payment date is April 15 while listing will be in
Luxembourg.
 REUTER
