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RJR NABISCO TO PAY CASH INTEREST ON 15 PERCENT SUBORDINATED DEBENTURES

RJR NABISCO TO PAY CASH INTEREST ON 15 PERCENT SUBORDINATED DEBENTURES
 NEW YORK, April 15 /PRNewswire/ -- RJR Nabisco Holdings Corp. today announced that its subsidiary, RJR Nabisco Capital Corp., will make the May 15 interest payment in cash on its 15 percent payment-in- kind subordinated debentures due 2001.
 Terms of the debentures give the company the option through May 15, 1994, of paying semi-annual interest on the debentures in the form of additional debentures or in cash.
 The company said that the cash interest payment is part of a continuing effort to reduce overall interest expense. There currently is about $1.14 billion principal amount of the debentures outstanding.
 RJR Nabisco Holdings Corp. is the indirect parent 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., and the Nabisco Foods Group.
 -0- 4/15/92
 /CONTACT: Jason Wright of RJR Nabisco, Inc., 212-258-5770/ CO: RJR Nabisco, Inc. ST: New York IN: REA SU:


EA-BN -- AT015 -- 8797 04/15/92 14:38 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:179
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