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CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS $25 MILLION OF 7-3/4 PERCENT FIRST MORTGAGE BONDS

 CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS $25 MILLION
 OF 7-3/4 PERCENT FIRST MORTGAGE BONDS
 DALLAS, June 17 /PRNewswire/ -- Central and South West Corporation (NYSE: CSR) said that on June 16, West Texas Utilities Company, one of its wholly owned operating subsidiaries, sold to underwriters in a negotiated offering $25 million of 7-3/4 percent First Mortgage Bonds, Series P, due June 1, 2007.
 Morgan Stanley & Co. Incorporated, is lead manager for the offering with Smith Barney, Harris Upham & Co. Incorporated, as co-manager. The bonds are being offered to the public at 99.329 percent to yield 7.826 percent to maturity. The proceeds to West Texas Utilities Company were 98.579 percent, resulting in a cost of money of 7.913 percent. The new bonds are rated Aa2 by Moody's Investors Service, AA- by Standard & Poor's Corporation and AA by Duff & Phelps Inc.
 The net proceeds from the sale of the new bonds will be used to refund West Texas Utilities Company's $25 million of 9-7/8 percent First Mortgage Bonds, Series I, due May 1, 2009.
 West Texas Utilities Company provides electric service to approximately 179,000 customers in a 53,000 square-mile area of central west Texas. Major cities served by the company are Abilene and San Angelo.
 Central and South West Corporation is a public utility holding company based in Dallas.
 -0- 6/17/92
 /CONTACT: Wendy Hargus of Central and South West Corporation, 214-754-1277/
 (CSR) CO: Central and South West Corporation ST: Texas IN: UTI SU: OFR


PS -- NY022 -- 0985 06/17/92 10:05 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:262
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