EXIDE SELLS 10-YEAR SENIOR SUBORDINATED NOTES
Exide Corp is raising 135 mln dlrs via
an offering of senior subordinated notes due 1997 yielding
13.01 pct, said sole manager Drexel Burnham Lambert Inc.
    The notes have a 12-7/8 pct coupon and were priced at
99.25, Drexel said. The issue is non-callable for three years
and non-refundable for five years.
    Moody's rates the notes B-2 and Standard and Poor's rates
them B-minus. The gross spread is 33.75 dlrs, the selling
concession is 21 dlrs and the reallowance is 2.50 dlrs.
 Reuter
