POTOMAC ELECTRIC <POM> PREFERRED SOLD
Underwriter <Drexel Burnham Lambert
Inc> said a 50 mln dlr issue of sinking fund preferred stock of
Pomotac Electric Power Co which it won at competitive bidding
has sold out.
    The shares were priced at 50 dlrs each with a 3.37 dlr
annual dividend for a dividend yield of 6.74 pct.  It said the
preferred carried the lowest long-term fixed rate dividend
yield in almost 20 years for an investment grade preferred
issue.
 Reuter
