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NEW ENGLAND TELEPHONE ISSUES $100 MILLION OF DEBT SECURITIES

 BOSTON, April 20 /PRNewswire/ -- New England Telephone has announced the public offering of an aggregate of $100 million of debt securities.
 J.P. Morgan Securities Inc. is the sole underwriter for the seven-year non-callable notes with a coupon of 5 3/4 percent, priced at 99.546 percent to yield 5.830 percent.
 The notes are being sold pursuant to a shelf registration statement filed with the Securities and Exchange Commission covering a remaining aggregate of $100 million of debt securities.
 The proceeds from the issue will be applied to the company's refinancing of eight percent debentures due 2003, which were redeemed April 9, 1993.
 New England Telephone is a wholly owned subsidiary of NYNEX Corporation (NYSE: NYN).
 -0- 4/20/93
 /CONTACT: John Johnson of New England Telephone, 617-743-3677/


CO: New England Telephone ST: Massachusetts IN: TLS SU: FNC

DJ -- NE023 -- 8322 04/20/93 17:13 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 20, 1993
Words:149
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