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BP ANNOUNCES DEBT REDEMPTION

 BP ANNOUNCES DEBT REDEMPTION
 CLEVELAND, June 8 /PRNewswire/ -- BP America Inc. (formerly known


as BP North America Inc.) announced today that it has elected to redeem, on July 9, 1992, all of its outstanding 9-1/4 percent debentures due 2016. The redemption price is equal to 104.81 percent of the outstanding principal amount to be redeemed plus accrued interest to the redemption date of $21.58 per $1,000 face amount. The redemption agent is Chase Manhattan Bank. The debentures should be considered delisted from the New York Stock Exchange after July 9, 1992.
 -0- 6/8/92
 /CONTACT: Ian W. Fowler (Media), 216-586-4976, or Terry LaMore (IR), 216-586-4104, both of BP America/ CO: BP America Inc. ST: Ohio IN: OIL SU:


CG -- CL017 -- 8068 06/08/92 16:15 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
Words:132
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