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SAFEWAY TO REDEEM NOTES, DEBENTURES

 SAFEWAY TO REDEEM NOTES, DEBENTURES
 OAKLAND, Calif., March 24 /PRNewswire/ -- Safeway Inc. (NYSE: SWY)


announced today that it has mailed notices to redeem, on April 23, 1992, all of its outstanding 11.75 percent Senior Subordinated Notes (CUSIP NO. 786513 AA9), due in 1996 and its 12 percent Subordinated Debentures (CUSIP NO. 786513 AB7) due 1998.
 Safeway will pay accrued interest on the Notes and Debentures being redeemed up to and excluding April 23, 1992, to bondholders of record as of March 23, 1992.
 The company will use the proceeds from its latest bond offerings -- $250 million of 9.35 percent Senior Subordinated Notes due in 1999 and $150 million of 9.875 percent Senior Subordinated Debentures due in 2007 -- to fund the redemption.
 Questions regarding the redemption process should be directed to the Paying Agent on the bonds, Security Pacific National bank, at 800-423-5041.
 /CONTACT: Melissa C. Plaisance of Safeway, 510-891-3136/
 (SWY) CO: Safeway Inc. ST: California IN: REA SU:


RM -- SF008 -- 1242 03/24/92 16:29 EST
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Publication:PR Newswire
Date:Mar 24, 1992
Words:170
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