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CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS FIRST MORTGAGE BONDS

CENTRAL AND SOUTH WEST CORPORATION UNIT OFFERS FIRST MORTGAGE BONDS
 DALLAS, Oct. 16 /PRNewswire/ -- Central and South West Corporation (NYSE: CSR) announced today that on Oct. 15, West Texas Utilities Company, one of its wholly owned operating subsidiaries, sold to underwriters in a negotiated offering $35 million of 6-7/8 percent first mortgage bonds, Series Q, due Oct. 1, 2002, and $40 million of 7 percent first mortgage bonds, Series R, due Oct. 1, 2004.
 The Series Q bonds are being offered to the public at 99.391 percent to yield 6.96 percent to maturity, and the Series R bonds are being offered to the public at 99.316 percent to yield 7.09 percent to maturity. Both series are non-callable for life. The new bonds are rated "Aa2" by Moody's Investors Service, "AA-" by Standard & Poor's and "AA" by Duff & Phelps. The First Boston Corporation is lead manager for the offering with Morgan Stanley as co-manager.
 Net proceeds from the sale of the new bonds will be used to refund on Nov. 19, 1992, West Texas Utilities Company's $75 million principal amount of 8-7/8 percent first mortgage bonds, Series N, due May 1, 2016, at 106.25 percent of principal amount.
 Central and South West Corporation, a Dallas-based public utility holding company, owns four electric subsidiary companies that provide service to portions of Texas, Oklahoma, Louisiana and Arkansas. It also owns an Oklahoma intrastate natural gas pipeline subsidiary and four other subsidiaries.
 -0- 10/16/92
 /CONTACT: Wendy Hargus, director-investor relations of Central and South West, 214-754-1277/
 (CSR) CO: Central and South West Corporation ST: Texas IN: UTI SU: OFR


CK -- NY029 -- 0877 10/16/92 10:51 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:282
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