SHOWBOAT <SBO> UNIT SELLS MORTGAGE-BACKED BONDS
Ocean Showboat Finance Corp, a unit of
Showboat Inc, is raising 180 mln dlrs through an offering of
mortgage-backed bonds due 2002 with an 11-3/8 pct coupon and
par pricing, said sole manager Donaldson, Lufkin and Jenrette
Securities Corp.
    Moody's Investors Service Inc rates the bonds B-1 and
Standard and Poor's Corp rates them B-plus.
 Reuter
