DETROIT EDISON <DTE> SELLS BONDS IN TWO TRANCHES
Detroit Edison Co is raising 400 mln
dlrs through a two-tranche offering of general and refunding
mortgage bonds, said sole manager Morgan Stanley and Co Inc.
    A 175 mln dlr issue of bonds due 1997 was given an 8-3/4
pct coupon and priced at 99.375 to yield 8.845 pct, or 128
basis points over comparable Treasury securities.
    A companion 225 mln dlr offering of 27-year bonds was given
a 9-3/4 pct coupon and priced at 99.625 to yield 9.79 pct, or
180 basis points over Treasuries.
    Both tranches are non-refundable for five years and rated
Baa-2 by Moody's and BBB by Standard and Poor's.
 Reuter
