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DAPO International Finance N.V. is issuing a floating rate note (FRN) with a volume of € 250 million. The three-year issue, which is due on July 3, 2006, carries a coupon of 3-month Euribor plus 20 basis points and has an issue price of 99.979%. Lead managers for the issue, which will be listed on the Luxembourg Stock Exchange, are WestLB and DZ Bank. Value date is July 3, 2003. The guarantor of the issue, Deutsche Apotheker- und Ärztebank, is rated A2 by Moody´s and A– by S&P.