One Luxembourg and three Danishbanks are tapping the Euro-Danish crown market in a three
tranche zero coupon eurobond deal of 600 mln Danish crowns
nominal for Denmark, senior vice-president Lars Thuesen of
Privatbanken, which is the lead manager, told Reuters.
    The three 200 mln crown tranches are tranche A, due May 16,
1989 priced at 82 1/8, tranche B, due May 15, 1990 priced at 73
7/8 and tranche C, due May 15, 1991, priced 66 1/2.
    Fees are 3/4 pct for selling and 5/8 pct for management and
underwriting combined with 1/8 pct praecipium.
 Reuter
