OLIN <OLN> SUBORDINATED NOTES YIELD 9.558 PCT
Olin Corp is raising 125 mln dlrs via
an offering of 10-year subordinated notes yielding 9.558 pct,
said lead manager Morgan Stanley and Co Inc.
    The notes have a 9-1/2 pct coupon and were priced at 99.625
to yield 134 basis points more than comparable Treasury
securities.
    Non-callable for life, the issue is rated Baa-2 by Moody's
and BBB-minus by Standard and Poor's. The gross spread is seven
dlrs, the selling concession is four dlrs and the reallowance
is 2.50 dlrs. Salomon Brothers co-managed the deal.
 Reuter
