Computer Products Inc is raising 35 mlndlrs through an offering of convertible subordinated debentures
due 1997 with a 9-1/2 pct coupon and par pricing, said sole
manager Robinson-Humphrey Co Inc.
    The debentures are convertible into the company's common
stock at 4.625 dlrs per share, representing a premium of 23.33
pct over the stock price when terms on the debt were set.
    Non-callable for three years, the issue is rated B-3 by
Moody's and CCC-minus by Standard and Poor's. The gross spread
is 38.75 dlrs, the selling concession is 20 dlrs and the
reallowance is 10 dlrs.
 Reuter
