UNITED CITIES <UCIT> PRIVATELY PLACES BONDS
United Cities Gas Co said it placed
privately on March 18 20 mln dlrs of 8.69 pct first mortgage
bonds.
    Proceeds will be used to retire short-term debt and fund
the company's current construction program, United Cities said.
    The company said more than 30 lending institutions
participated in the bidding for the bonds and that 25 pct of
the issue was placed with the U.S. unit of a Canadian firm.
 Reuter
