Centel Corp is raising 50 mln dlrsthrough an offering of debentures due 2017 yielding 9.233 pct,
said lead manager Smith Barney, Harris Upham and Co Inc.
    The debentures have a 9-1/8 pct coupon and were priced at
98.90 to yield 117 basis points over comparable Treasury
securities.
    Non-callable for five years, the issue is rated A-3 by
Moody's Investors Service Inc and A by Standard and Poor's
Corp.
    E.F. Hutton and Co Inc and UBS Securities Inc co-managed
the deal.
 Reuter
