Australian Industry Development Corp isissuing a zero coupon eurobond with total redemption amount 30
mln Australian dlrs, lead manager Orion Royal Bank Ltd said.
    The issue matures on May 12, 1992 and is priced at 53-1/2
pct. It is available in denominations of 1,000 and 10,000
Australian dlrs and will be listed in Luxembourg. Payment date
is May 12.
    Credit Suisse First Boston Ltd, Commerzbank AG, Hambros
Bank Ltd and Merrill Lynch Capital Markets are co-lead
managers. There will be no co-managers. Fees total 1-3/8 pct.
 REUTER
