Italy's state-owned Ente Nazionale perl'Energia Elettrica (ENEL) is issuing a 15 billion yen eurobond
due May 27, 1994 paying 4-3/4 pct and priced at 101-7/8 pct,
joint-lead bookrunner IBJ International Ltd said. Morgan
Stanley International is the other joint-lead bookrunner and
appears on the left in documentation.
    The non-callable bond is available in denominations of one
mln yen and will be listed in Luxembourg. The selling
concession is 1-1/4 pct while management and underwriting
combined pays 5/8 pct. The payment date is May 27.
 REUTER
