text: The European Community is launching a 500 mln franc 10-year bond fungible with its 600 mln franc 8-3/4 pct April 7 1997 issue lead manager Banque Indosuez said. Co-lead manager is Bank of Tokyo International. The issue price of the new tranche is 96-5/8 pct. Fees are two pct with 1-3/8 pct for selling and 5/8 pct for management and underwriting combined including a 1/8 pct praecipuum. Payment date of the non-callable issue is July 7 plus accrued interest. Denominations are 10000 and 50000 francs and listing is in Luxembourg and Paris. REUTER
target: EC ISSUES 500 MLN FRENCH FRANC 10 YEAR BOND