EC Issues 500 mln French Franc 10 Year Bond

The European Community is launching a 500 mln franc, 10-year bond fungible with its 600 mln franc 8-3/4 pct, April 7, 1997 issue, lead manager Banque Indosuez said. Co-lead manager is Bank of Tokyo International.

The issue price of the new tranche is 96-5/8 pct. Fees are two pct, with 1-3/8 pct for selling and 5/8 pct for management and underwriting combined including a 1/8 pct praecipuum.

Payment date of the non-callable issue is July 7, plus accrued interest.

Denominations are 10,000 and 50,000 francs and listing is in Luxembourg and Paris.