IBM AUSTRALIA CREDIT ISSUES AUS DLR EUROBOND
IBM Australia Credit Ltd is issuing a 75
mln Australian dlr eurobond due April 24, 1990 with a 14-1/8
pct coupon and priced at 101-1/4, Salomon Brothers
International Ltd said as lead manager.
    The non-callable bonds will be issued in denominations of
1,000 and 10,000 dlrs and will be listed in Luxembourg. Gross
fees of 1-1/2 pct comprise 1/2 pct for management and
underwriting combined and one pct for selling.
    There will be co-leads. The borrower is wholly owned by
International Business Machines Corp <IBM.N>.
 REUTER
