EVANS/SOUTHERLAND <ESCC> SELLS CONVERTIBLE DEBT
Evans and Southerland Computer Corp is
raising 50 mln dlrs through an offering of convertible
subordinated debentures due 2012 with a 6-1/2 pct coupon and
par pricing, said sole manager Hambrecht and Quist Inc.
    The debentures are convertible into the company's common
stock at 48.50 dlrs per share, representing a premium of 24.36
pct over the stock price when terms on the debt were set.
    Non-callable for two years, the issue is rated B-plus by
Standard and Poor's Corp.
 Reuter
