Exide Corp is raising 135 mln dlrs viaan offering of senior subordinated notes due 1997 yielding
13.01 pct, said sole manager Drexel Burnham Lambert Inc.
    The notes have a 12-7/8 pct coupon and were priced at
99.25, Drexel said. The issue is non-callable for three years
and non-refundable for five years.
    Moody's rates the notes B-2 and Standard and Poor's rates
them B-minus. The gross spread is 33.75 dlrs, the selling
concession is 21 dlrs and the reallowance is 2.50 dlrs.
 Reuter
