ALLTEL <AT> DEBENTURES YIELD 8.90 PCT
Alltel Corp is raising 50 mln dlrs
through an offering of debentures due 2022 yielding 8.90 pct,
said lead manager Merrill Lynch Capital Markets.
    The debentures have an 8-7/8 pct coupon and were priced at
99.726 to yield 135 basis points over the off-the-run 9-1/4 pct
Treasury bonds of 2016.
    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. Stephens Inc co-managed the deal.
 Reuter
