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 The Commission of the European Communities has carried out
 another borrowing operation on the international financial
 markets to finance a further portion of the Community loan to
 Greece.
 The operation involves a five-year US $ 150 million loan at an
 interest rate of 8 5/8 % and an issue price of 100 1/8.  An
 equivalent variable interest rate swap has been arranged,
 allowing a substantial saving compared with LIBOR.
 The operation will be lead-managed by City Coop Investment Bank
 Limited, Banque Nationale de Paris, Daiwa Europe Limited and
 Union Bank of Switzerland (Securities) Limited.  Some 20 other
 banks have been invited to participate in the operation.
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