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CONSOLIDATED NATURAL GAS SELLS $150 MILLION OF 5.75 PERCENT DEBENTURES

 PITTSBURGH, Aug. 24 /PRNewswire/ -- Consolidated Natural Gas Company (NYSE: CNG) today announced the sale of $150 million of 5.75 percent debentures due August 2003. The debentures are noncallable.
 The issue was won by an underwriting group, headed by Salomon Brothers, Inc., at an annual cost of money to the company of 5.99 percent.
 The proceeds from the sale will be used to fund the debentures redeemed earlier this month.
 Consolidated is one of the country's largest producers, transporters and distributors of natural gas. Its primary marketing areas for natural gas are in Ohio, Pennsylvania, Virginia, West Virginia, New York and other states in the Northeast. The company explores for and produces gas and oil throughout the United States and in Canada.
 -0- 8/24/93
 /CONTACT: Cynthia Navadeh of Consolidated Natural Gas Company, 412-227-1442/
 (CNG)


CO: Consolidated Natural Gas Company ST: Pennsylvania IN: OIL SU: OFR

TS -- NY046 -- 5454 08/24/93 12:41 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:157
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