ITALY'S BANCA COMMERCIALE TO LAUNCH EUROLIRE BONDS
State bank Banca Commerciale Italiana
(BCI) said it is launching a 50 billion lire eurobond on behalf
of Merrill Lynch & Co. Due May 26, 1992 paying 10 pct and
priced at 100 -1/2 pct.
    BCI said in a statement that it is leading an international
underwriting consortium of 25 banks and financial institutions.
The bank said Merrill Lynch International and Co is co-lead
manager.
    The non-callable bond is available in denominations of two
mln lire and will be listed in Luxembourg, BCI said.
 REUTER
