1.   The bonds were priced below their face value.

2.   Among the best performers, he said, will be mortgage bonds priced at a slight premium.

3.   City officials, guided in part by the necessary borrowing, remain optimistic that the market could turn around tomorrow when they price the bonds.

4.   Chase Manhattan Corp. and Paribas, the investment banks managing the sale, began pricing the bonds in London this morning.

5.   Companies price their bonds based on Treasury yields.

6.   If the longer bonds catch on and an active market forms, the securities will also provide the reliable benchmarks businesses and investors need to price corporate bonds.

7.   If the numbers are close, it indicates market participants generally agree how the bond should be priced.

8.   Investors also complain that underwriters priced these bonds too low, so that investors would buy them up.

9.   Mexico currently has bonds outstanding priced in U.S. dollars, deutsche marks and yen, among others.

10.   Some investors expect the bonds to be priced attractively because there are so many to be sold at once.