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BALTIMORE GAS AND ELECTRIC COMPANY SELLS NEW BONDS

 BALTIMORE GAS AND ELECTRIC COMPANY SELLS NEW BONDS
 BALTIMORE, Jan. 14 /PRNewswire/ -- Baltimore Gas and Electric


Company (NYSE: BGE) sold $125 million of 7.50 percent First Refunding Mortgage Bonds due Jan. 15, 2007, to Lehman Brothers Inc., the company's board chairman, George V. McGowan, said today.
 The bonds were priced for reoffering to investors at 98.411 percent of principal amount to provide a 7.68 percent yield to maturity.
 The net proceeds from the financing will be used to meet capital requirements or for other general corporate purposes relating to the company's utility business.
 -0- 1/14/92
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE) CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU:


JS-MK -- PH037 -- 9730 01/14/92 16:59 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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