COUPON REDUCED ON BEST DENKI WARRANT BOND
The coupon on the 70 mln dlr equity
warrant eurobond for Best Denki Co Ltd has been set at three
pct compared with the indicated 3-1/8 pct, lead manager Nikko
Securities Co (Europe) Ltd said.
    The exercise price was set 1,640 yen per share,
representing a premium of 2-1/2 pct over today's closing price
of 1,600 yen. The foreign exchange rate was set at 154.40 yen
to the U.S. Dollar.
    The five-year deal is priced at par.
 REUTER
