CENTEL <CNT> SELLS DEBENTURES AT 9.233 PCT
Centel Corp is raising 50 mln dlrs
through an offering of debentures due 2017 yielding 9.233 pct,
said lead manager Smith Barney, Harris Upham and Co Inc.
    The debentures have a 9-1/8 pct coupon and were priced at
98.90 to yield 117 basis points over comparable Treasury
securities.
    Non-callable for five years, the issue is rated A-3 by
Moody's Investors Service Inc and A by Standard and Poor's
Corp.
    E.F. Hutton and Co Inc and UBS Securities Inc co-managed
the deal.
 Reuter
