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UNION CARBIDE COMPLETES $300 MILLION DEBT SECURITIES OFFERING

 DANBURY, Conn., March 24 /PRNewswire/ -- Union Carbide Corporation today announced a $300 million, two-part public offering of $175 million principal amount of 7.875 percent 30-year debentures due April 1, 2023, and $125 million principal amount of 10-year 6.75 percent notes due April 1, 2003.
 The debentures are priced at 99.396 to yield 7.93 percent. The notes are priced at 99.355 to yield 6.84 percent. The debentures and the notes, which are not redeemable prior to maturity, have been rated "Baa2" by Moody's Investors Services and BBB by Standard & Poor's bond rating agencies.
 Union Carbide will use the net proceeds primarily to repay short- term debt incurred during the past six months as the company repurchased and redeemed long-term debt.
 The underwriters for the offering are Morgan Stanley & Co. Incorporated and The First Boston Corporation. Union Carbide will act as paying agent for the securities.
 Union Carbide Corporation uses state-of-the-art process technologies to convert manufactured and purchased ethylene and propylene into the higher value chemicals and polymers it markets. In addition, Union Carbide has specialty businesses outside the ethylene chain of chemicals, including technology licensing services.
 A copy of the prospectus for this offering may be obtained from Morgan Stanley & Co. Incorporated, 1251 Avenue of the Americas, New York, New York 10020.
 -0- 3/24/93
 /CONTACT: Tomm F. Sprick of Union Carbide, 203-794-6992/
 (UK)


CO: Union Carbide Corporation ST: Connecticut IN: CHM SU: OFR

SM -- NY056 -- 9164 03/24/93 14:02 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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