MEAD <MEA> SELLS DEBENTURES AT NINE PCT
A 150 mln dlr issue of Mead Corp
30-year debentures was given a nine pct coupon and priced at
par, Smith Barney, Harris Upham and Co Inc said as lead
manager.
    The securities, which are not callable for 10 years, carry
a rating of A-3 from Moody's Investors Service Inc and one of
BBB-plus from Standard and Poor's Corp.
    Mead said it will use the proceeds to retire outstanding
short-term debt, a portion of which was incurred to finance
part of recent acquisitions.
 Reuter
