Amadeusz Juskowiak

Jutland telephone sets 75 mln swiss franc bond

Jutland Telephone Co plans to issue a 75 mln Swiss franc 434 pct bond with a par price and a maximum 10year maturity lead manager Union Bank of Switzerland said

The bond may be retired between 1991 and 1996 if the secondary price does not exceed par

It may be called starting in 1992 at 101 with declining premiums thereafter or for tax reasons beginning in 1988 at 102 with declining premiums thereafter

REUTER