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DOW TO CALL DEBENTURES DUE IN 2006 AND 2008

 MIDLAND, Mich., March 8 /PRNewswire/ -- The Dow Chemical Company (NYSE: DOW) today announced that the company elects to call the outstanding principal amount of two debentures due in 2006 and 2008.
 The 8.5 percent and 8.625 percent debentures are due Jan. 15, 2006, and Feb. 15, 2008, respectively. The outstanding principal amount of these debentures is $128 million and $228.4 million. They will be redeemed April 7, 1993.
 The 8.5 percent debenture will be called at 102.72 percent of the principal amount with accrued interest of $2,478,222.22 and the 8.625 percent debenture at 103.13 percent with accrued interest of $2,845,483.33.
 Holders of the debentures are being notified by Bank of America NT & SA and Citibank, N.A. respectively of Dow's decision to call.
 -0- 3/8/93
 /CONTACT: R. Matt Davis of The Dow Chemical Company, 517-636-3920/
 (DOW)


CO: The Dow Chemical Company ST: Michigan IN: CHM SU:

KE -- DE019 -- 4106 03/08/93 14:47 EST
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Publication:PR Newswire
Date:Mar 8, 1993
Words:170
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