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RJR NABISCO SETS OFFERING OF 50 MILLION SHARES OF PREFERRED STOCK

 NEW YORK, Aug. 11 /PRNewswire/ -- RJR Nabisco Holdings Corp. (NYSE: RN) today announced that a registration statement filed with the Securities and Exchange Commission regarding the offering of its Series B cumulative preferred stock became effective today and that the company today agreed to sell 50 million shares of preferred stock at a price of $25 per share.
 Gross proceeds from the cumulative preferred stock offering are expected to total $1.25 billion. The dividend rate on the Series B preferred stock was set at 9.25 percent.
 RJR Nabisco said it decided to increase the final size of the transaction from that previously announced based on greater marketplace interest in the offering.
 RJR Nabisco Holdings Corp. is the parent company of RJR Nabisco, Inc., an international consumer products company. RJR Nabisco's major operating units are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., the Nabisco Foods Group, and Nabisco International, Inc.
 -0- 8/11/93
 /CONTACT: Jason Wright of RJR Nabisco, 212-258-5770/
 (RN)


CO: RJR Nabisco Holdings Corp. ST: New York IN: TOB SU: OFR

BR-BN -- AT009 -- 1623 08/11/93 11:12 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:188
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