ROWNTREE ISSUES CONVERTIBLE EUROSTERLING BOND
Rowntree Mackintosh Plc <RWNT.L> is
issuing a 55 mln stg eurobond due March 31, 2002, paying an
indicated coupon of 4-1/2 pct to five pct and priced at par,
lead manager J Henry Schroder Wagg and Co Ltd said.
    Final terms on the issue will be fixed by March 16.
Denominations are 1,000 stg and listing will be London.
    There is a put option on March 31, 1992, to yield 8-1/2 to
nine pct and the bond is also callable by the borrower until
March 31, 1988, at 106 pct, declining by one pct per annum
thereafter to par. However the call will not be before 1992.
 REUTER
