NIPPON SIGNAL SWISS FRANC NOTES SET AT 1-1/4 PCT
Nippon Signal Co Ltd's 50 mln Swiss franc
five-year notes issue with warrants has been priced at 1-1/4
pct compared with the originally indicated 1-3/8 pct, lead
manager Morgan Stanley SA said.
    Each 50,000-franc bond carries 81 warrants entitling the
holder to buy 100 Nippon Signal shares for 594 yen each. The
shares last traded at 579 yen.
    The Swiss franc/yen exchange rate was fixed at 97.27.
 REUTER
