EXIDE SENIOR SUBORDINATED NOTES YIELD 13.01 PCT
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
