RNS No 9123x
DEPFA-BANK EUROPE PLC

FROM:     22.12.97

ISSUER:   DEPFA-BANK EUROPE PLC
          149) $100,000,000 SET-UP BONDS DUE 15.10.02

FULLY PAID
(Represented by Notes to Bearer of $1,000 each)

IP:        101.85%

Issuer:    CLIFFORD CHANCE

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END



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