PITNEY BOWES <PBI> UNIT SELLS FIVE-YEAR NOTES
Pitney Bowes Credit Corp, a unit of
Pitney Bowes Inc, is raising 100 mln dlrs through an offering
of notes due 1992 with a 7-1/4 pct coupon and par pricing, said
lead manager Goldman, Sachs and Co.
    That is 53 basis points more than the yield of comparable
Treasury securities.
    Non-callable to maturity, the issue is rated A-1 by Moody's
and AA-minus by Standard and Poor's. First Boston Corp
co-managed the deal.
 Reuter
