NZI CORP UNIT SELLS GUARANTEED NOTES AT 8.36 PCT
NZI Capital Corp, a unit of <NZI
Corp>, is offering 150 mln dlrs of guaranteed notes due 1997
yielding 8.36 pct, said sole manager Kidder, Peabody and Co
Inc.
    The notes have an 8-1/4 pct coupon and were priced at
99.261 to yield 115 basis points more than comparable Treasury
securities. Non-callable for seven years, the issue is rated
A-2 by Moody's Investors Service Inc and A-plus by Standard and
Poor's Corp.
    The notes will be listed on the New York Stock Exchange.
NZI is an insurance company in New Zealand.
 Reuter
