EMERSON <EMR> TO ISSUE NEW ZEALAND NOTES
Emerson Electric Co said it will
issue about 56 mln dlrs (U.S.) 18.55 pct notes due 1989.
    It said interest and principal are payable in either New
Zealand or U.S. dollars.
    The notes will be offered through an underwriting syndicate
managed by Prudential-Bache Capital Funding at an offering
price of 100 pct. Proceeds will be used to retire commercial
paper and for general corporate purposes.
 Reuter
