Compagnie Financiere de Credit Industriel et Commercial is raising 255 mln marks through a six-year floating rate note (FRN) carrying a coupon of 1/8 point over six-month London Interbank Offered Rate (LIBOR) and priced at 100.05 lead manager Morgan Stanley GmbH said. The bullet bond will be sold in denominations 10000 and 250000 marks and listed in Frankfurt. It matures on March 20 1993. Payment date will be July 20 1987. Fees total 15 basis points with five for selling and 10 for management and underwriting combined. The bond is the first lead-managed by Morgan Stanley in the mark sector.
CREDIT INDUSTRIEL LAUNCHES MARK FLOATING RATE NOTE