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ANADARKO ANNOUNCES NOTES OFFERING TO REFINANCE DEBT

 HOUSTON, Oct. 12 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced the offering of $100 million principal amount of 5-7/8 percent notes due 2003. The notes were priced at a spread of approximately 67 basis points above the 10-year Treasury note rate to yield 5.925 percent.
 Kidder, Peabody & Co. Incorporated is the underwriter and manager.
 Net proceeds from the offering will be used to refinance outstanding borrowings under non-committed lines of credit and commercial paper incurred for general corporate purposes.
 Anadarko Petroleum Corporation is one of the nation's largest independent natural gas and crude oil exploration and production companies. Anadarko's exploration, development and production activities are concentrated in North America's primary geologic basins onshore and offshore. Exploration efforts also are conducted in frontier areas of the United States and overseas. Anadarko has activities in 20 states and three Canadian provinces.
 -0- 10/12/93
 /CONTACT: A. Paul Taylor Jr. of Anadarko Petroleum Corporation, 713-875-1101/
 (APC)


CO: Anadarko Petroleum Corporation ST: Texas IN: OIL SU: OFR

TW -- NY093 -- 1282 10/12/93 16:28 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
Words:176
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