Arvin Industries Inc said it is raising150 mln dlrs through an offering of 8-3/8 pct 10-year notes and
9-1/8 pct 30-year sinking fund debentures.
    Lead underwriter for the offerings, both of 75 mln dlrs, is
Merrill Lynch Capital Markets.
    The notes were priced at 99.63 pct to yield 8.43 pct, and
the debentures were priced at 99.54 pct to yield 9.17 pct.
    The notes are redeemable at par at Arvin's option after
March 1, 1994. The debentures are redeemable at any time but
non-refundable before March 1, 1997. Both are rated BAA-2 by
Moody's Investors Service and BBB by Standard and Poor's.
 Reuter
