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BAXTER INTERNATIONAL OFFERS $200 MILLION OF 7-1/4 PERCENT 15-YEAR NOTES

 DEERFIELD, Ill., Feb. 3 /PRNewswire/ -- Baxter International (NYSE: BAX) announced today a public offering of $200 million of notes due Feb. 15, 2008. The notes bear an annual interest rate of 7-1/4 percent and are priced at 99.728 percent.
 The issue is being underwritten by The First Boston Corporation; Goldman, Sachs & Co.; Merrill Lynch & Co. and J.P. Morgan Securities Inc. Proceeds from the sale will be used to repay existing debt.
 Baxter, through its subsidiaries, is the leading manufacturer and marketer of health-care products, systems and services worldwide. The company offers more than 120,000 products to health-care providers in 100 countries. Baxter's worldwide sales in 1992 totaled $8.5 billion.
 -0- 2/3/93
 /CONTACT: Barbara J. Byrnes of Baxter, 708-948-2202/
 (BAX)


CO: Baxter International ST: Illinois IN: MTC SU: OFR

WB -- NY078 -- 2561 02/03/93 16:08 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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