TCI offers debt issue

Tele-Communications Inc. has gone to market with a $ 350 million debt issue for its TKR Cable I Inc. unit.

The senior debenture, due Oct. 30, 2007, was priced to yield 10.5%. The debentures, noncallable for seven years, are rated Ba2 by Moody’s Investors Service Inc. and BBB- by Standard & Poor’s Corp., which is below investment grade. The issue will be sold through underwriters led by Merill Lynch & Co.

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