Main features
| ISSUE | |
| SICOVAM Code no. | 20 783 |
| Lead-manager | J.P. Morgan & Cie S.A. |
| Type | "Step-up callable" bond issues |
| Maturity | 16 April 2008 16 APril 2003, if option is exercised |
| Nominal amount | FRF 650 000 000 |
| Nominal rate | First six years : 5.18 % Years 7-11 : 7.00 % |
| Amortisation | Bullet redemption at par |
| Settlement date | 16 April 1997 |
| Issue price | 100% |
| Investor actuarial rate | 0.0587 5.18%, where option is exercised |
| Cancellation option | The issuer may redeem the bullet bond at par in advance on 16 April 2003 (at the end of the sixth year). |