MICROPOLIS <MLIS> SELLS CONVERTIBLE DEBENTURES
Micropolis Corp is raising 75 mln dlrs
via an offering of convertible subordinated debentures due 2012
with a six pct coupon and par pricing, said lead manager
Kidder, Peabody and Co Inc.
    The debentures are convertible into the company's common
stock at 48.50 dlrs per share, representing a premium of 23.6
pct over the stock price when terms on the debt were set.
    Non-callable for two years, the issue is rated B-minus by
Standard and Poor's. Robertson, Colman and Stephens co-managed
the deal.
 Reuter
