CENTEL CORP <CNT> SELLS DEBENTURES
Centel Corp is raising 60 mln dlrs via
an issue of debentures due 1997, said lead underwriter Smith
Barney, Harris Upham and Co Inc.
    Smith Barney headed a syndicate that won the debentures in
a competitive bidding. It bid the issue at 99.338 and set a 10
pct coupon and reoffering price of par to yield 146 basis
points over Treasuries. The net interest charge was 10.07 pct.
     Non-callable for five years, the debt is rated A-2 by
Moody's and A by S and P. Gross spread is 6.62 dlrs, selling
concession is 4.50 dlrs and reallowance is 2.50 dlrs. United
Bank of Switzerland and Dillon Reed co-managered the deal.
 Reuter
