SILICON GRAPHICS <SGIC> SELLS CONVERTIBLE DEBT
Silicon Graphics Inc is raising 35 mln
dlrs via an offering of convertible subordinated debentures due
2012 with a 5-3/4 pct coupon and par pricing, said lead manager
Morgan Stanley and Co Inc.
    The debentures are convertible into the company's common
stock at 30.35 dlrs per share, representing a premium of 25.15
pct over the stock price when terms on the debt were set.
    Non-callable for two years, the issue is rated B-2 by
Moody's Investors Service Inc and CCC-plus by Standard and
Poor's Corp. Alex Brown and Sons Inc co-managed the deal.
 Reuter
