Anheuser-Busch Cos is raising 150 mlndlrs through an offering of sinking fund debentures due 2017
yielding 8.593 pct, said sole manager Dillon, Read and Co Inc.
    The debentures have an 8-1/2 pct coupon and were priced at
99 to yield 97 basis points over the off-the-run 9-1/4 pct
Treasury bonds of 2016.
    Non-refundable for 10 years, the issue is rated Aa-3 by
Moody's and AA-minus by S and P. A sinking fund starting in
1998 to retire five pct of the debentures a year can be upped
by 200 pct at the company's option, giving them an estimated
minimum life of 13.9 years and maximum of 20.5 years.
 Reuter
