CHICAGO PACIFIC <CPAC> SELLS CONVERTIBLE DEBT
Chicago Pacific Corp is raising 150 mln
dlrs through an offering of convertible subordinated debentures
due 2012 with a 6-1/2 pct coupon and par pricing, said lead
manager Goldman, Sachs and Co.
    The debentures are convertible into the company's common
stock at 62.50 dlrs per share, representing a premium of 25.63
pct over the stock price when terms on the debt were set.
    Non-callable for two years, the issue is rated B-1 by
Moody's Investors Service Inc and B by Standard and Poor's
Corp. First Boston Corp and Lazard Freres and Co co-managed the
deal.
 Reuter
