Centocor Inc. said Thursday that it has increased the size ofits Euro-convertible subordinated debenture offering to $125million from $100 million. The debentures, which will pay 6.75percent interest, will be convertible into common stock(NASDAQ:CNTO) at $61 per share. The stock closed Thursday at$49.75, down $1.50.
Lead managers for the offering are Credit Suisse First BostonLtd., J.P. Morgan Securities Ltd. and PaineWebber International(U.K.) Ltd. Centocor anticipates that the offering will close onor about Oct. 16. Subject to certain exceptions, the debenturesmay not be offered, sold or delivered to the United States or toU.S. citizens.
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