Pasco Corp Issues 85 mln dlr Equity Warrant Bond

Pasco Corp is issuing an 85 mln dlr equity warrant eurobond due July 9, 1992 with an indicated coupon of 1-5/8 pct and par pricing, lead manager Nomura International Ltd said.

The issue is guaranteed by Mitsubishi Bank Ltd and final terms will be set on June 23. The selling concession is 1-1/2 pct while management and underwriting combined pay 3/4 pct.

The issue is available in denominations of 5,000 dlrs and will be listed in Luxembourg.

Payment date is July 9 and the warrants are exercisable from July 20, 1987 until June 16, 1992.