Emerson Electric Co is offering in theU.S. debt market 100 mln New Zealand dlrs of notes due 1989
with an 18.55 pct coupon and par pricing, said lead underwriter
Prudential-Bache Securities Inc.
    That is 170 basis points below comparable New Zealand
rates.
    Non-callable to maturity, the issue is rated a top-flight
AAA by both Moody's Investors Service Inc and Standard and
Poor's Corp.
 Reuter
