SYNTHETIC INDUSTRIES OFFERS DEBENTURES
Synthetic Industries is offering 110
mln dlrs of senior subordinated debentures due 1999 yielding
11-5/8 pct, said sole manager Merrill Lynch Capital Markets.
    The debentures have an 11-1/2 pct coupon and were priced at
99.
    Non-callable for five years, the issue is rated B-3 by
Moody's Investors Service Inc and B-minus by Standard and
Poor's Corp.
    The issue was increased from an initial offering of 100 mln
dlrs.
 Reuter
