MINNESOTA POWER <MPL> SELLS SEVEN-YEAR BONDS
Minnesota Power and Light Co is
raising 55 mln dlrs through an offering of first and refunding
mortgage bonds due 1994 with a 7-3/4 pct coupon and par
pricing, said sole manager PaineWebber Inc.
    That is 68 basis points more than the yield of comparable
Treasury securities.
    Non-callable for five years, the issue is rated A-2 by
Moody's Investors Service Inc and A-plus by Standard and Poor's
Corp.
 Reuter
