CAMBRIDGE SELLS 100 MLN DLRS OF DEBENTURES
<Cambridge Shopping Centres Ltd> said
wholly owned Cambridge Leaseholds Ltd privately sold 100 mln
dlrs of secured debentures.
    It said the debentures were issued in three parts
consisting of a 20 mln dlr issue at 10.4 pct maturing March 31,
1997, 22 mln dlrs at 10.6 pct maturing March 31, 2002 and 58
mln dlrs at 10.7 pct maturing March 31, 2007.
    Cambridge said it would use proceeds to significantly
reduce short-term debt.
 Reuter
