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GMAC REDEEMS 8-1/4 PERCENT DEBENTURES

 DETROIT, Oct. 29 /PRNewswire/ -- General Motors Acceptance Corporation (GMAC) announced today that it will exercise its option to redeem on Nov. 30, 1993, all of its outstanding 8-1/4 percent Debentures due to mature Nov. 15, 2006. The Debentures will be redeemed at 102.65 percent of their principal amount plus accrued interest.
 The Debentures were sold in November 1977 in the principal amount of $250 million, all of which are presently outstanding.
 The Debentures may be presented and surrendered for payment to Morgan Guaranty Trust Company of New York, Corporate Trust Operations Department, Tellers and Mail Unit, 55 Exchange Place, Basement A, New York, NY 10260-0023. Interest on the Debentures will cease to accrue on and after Nov. 30, 1993.
 -0- 10/29/93
 /CONTACT: Chris Rutkowski of GMAC, 313-974-1223/
 (GM)


CO: General Motors Acceptance Corporation ST: Michigan IN: FIN AUT SU:

JG -- DE009 -- 8444 10/29/93 11:01 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:152
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