Fletcher Challenge Finance USA Inc, aunit of Fletcher Challenge Ltd, is raising 190 mln dlrs via an
offering of notes due 1997 yielding 9.28 pct, said sole manager
First Boston Corp.
    The notes have a 9-1/4 pct coupon and were priced at 99.80
to yield 105 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the issue is rated a top-flight
Aaa by Moody's and Standard and Poor's. The gross spread is
6.50 dlrs, the selling concession is four dlrs and the
reallowance is 2.50 dlrs.
 Reuter
