VICTORY MARKETS <VMKT> SELLS DEBENTURES
Victory Markets Inc is raising 60 mln
dlrs through an offering of subordinated debentures due 1999
with a 12-1/2 pct coupon and par pricing, said sole underwriter
Drexel Burnham Lambert Inc.
    Non-callable for five years, the debt is rated B-2 by
Moody's Investors Service Inc. The issue was increased from an
initial offering of 50 mln dlrs because of investor demand.
 Reuter
