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To: Bill Harmond who wrote (77175)9/13/1999 7:23:00 PM
From: Jan Crawley  Respond to of 164684
 
cbs.marketwatch.com
Internet company VerticalNet (VERT: news, msgs) is planning to offer $125 million of
five-year convertible bonds. Pricing is expected late Thursday. The offering is being lead-managed by Goldman Sachs and is expected to offer an initial conversion premium of 18 percent to 22 percent with an expected coupon range of 4 3/4 percent to 5 1/4 percent.