The Metropolis of Tokyo is offering inthe Yankee bond market 100 mln dlrs of guaranteed bonds due
1997 yielding 7.57 pct, said lead manager First Boston Corp.
    The bonds bear a 7-1/2 pct coupon and were priced at 99.515
to yield 35 basis points more than comparable Treasury
securities.
    Non-callable for life, the issue is rated a top-flight AAA
by both Moody's and Standard and Poor's. Goldman Sachs and
Merrill Lynch co-managed the deal, which was the metropolis's
first foray into the Yankee bond market in 20 years,
underwriters said.
 Reuter
