BUSINESSLAND <BUSL> SELLS CONVERTIBLE DEBENTURES
Businessland Inc is raising 50 mln
dlrs via an offering of convertible subordinated debentures due
2007 with a 5-1/2 pct coupon and par pricing, said lead manager
Shearson Lehman Brothers Inc.
    The debentures are convertible into the company's common
stock at 20/50 dlrs a share, representing a 25.19 pct premium
over the stock price when terms on the debt were set.
    Non-callable for two years, the debt is rated B-3 by
Moody's Investors Service Inc. The issue was increased from an
initial offering of 40 mln dlrs.
 Reuter
