Dow Chemical Co has launched a 200 mlnSwiss franc, 12-year bond with a 4-3/4 pct coupon priced at
100-1/4 pct, lead manager Union Bank of Switzerland said.
    The issue carries a call option from 1993 at 102 pct,
declining thereafter by 1/2 percentage point per year.
    Subscriptions close March 18 and payment date is April 2.
 REUTER
