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CANADIAN OCCIDENTAL PETROLEUM LTD. FILES FINAL PROSPECTUS FOR $115 MILLION OFFERING OF DEBENTURES

 CANADIAN OCCIDENTAL PETROLEUM LTD. FILES FINAL PROSPECTUS
 FOR $115 MILLION OFFERING OF DEBENTURES
 CALGARY, Alberta, Jan. 24 /PRNewswire/ -- Canadian Occidental Petroleum Ltd. (AMEX: CXY, Toronto, Montreal: CXY) of Calgary filed a final prospectus on Thursday, Jan. 23, 1992, for an offering of $115 million principal amount of unsecured debentures. The debentures will carry a coupon of 8.40 percent and will mature Jan. 30, 1997. The proceeds of the offering will be used to repay maturing long term indebtedness of the corporation, to fund the corporation's capital program and for general corporate purposes.
 An underwriting group led by Toronto Dominion Securities Inc., and including Burns Fry Limited and RBC Dominion Securities Inc., have agreed to purchase the debentures. Closing is expected to occur on or about Jan. 30, 1992.
 -0- 1/24/92
 /CONTACT: Victor J. Zaleschuk, CFO of Canadian Occidental


Petroleum Ltd., 403-234-6700/
 (CXY) CO: Canadian Occidental Petroleum Ltd. ST: Alberta IN: OIL SU:


CH -- LA016 -- 3208 01/24/92 10:51 EST
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Publication:PR Newswire
Date:Jan 24, 1992
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