Amadeusz Juskowiak

Standard oil srd to issue swiss franc note

Standard Oil Co said it will issue at par 154 mln Swiss francs of noncallable 10year notes with an annual coupon of 314 pct and detachable currency warrants

Credit Suisse will lead manage the issue Payment date is March 19

Each 50000 Swiss franc note will carry a warrant entitling the holder to sell 50000 francs for dollars at an exchange rate of 15930 per dollar The warrants are exercisable weekly from March 27 1987 until March 19 1990 The dollar was trading today between 15340 and 15475 francs

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