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EXXON PIPELINE COMPANY WILL REDEEM OUTSTANDING 8-1/4 PERCENT GUARANTEED DEBENTURES DUE 2001

            EXXON PIPELINE COMPANY WILL REDEEM OUTSTANDING
             8-1/4 PERCENT GUARANTEED DEBENTURES DUE 2001
    IRVING, Texas, Jan. 17 /PRNewswire/ -- On March 1, 1992, Exxon Pipeline Company will redeem all of its outstanding 8-1/4 percent guaranteed debentures due 2001, it was announced today.
    An aggregate principal amount of $22.5 million will be redeemed at a price of 100 percent of principal plus accrued interest to the redemption date by operation of mandatory and optional sinking funds. The remainder of the outstanding debentures will be redeemed at the optional redemption price of 101.55 percent of principal plus accrued interest to the redemption date.
    -0-        1/17/92
    /CONTACT:  W.D. Smith of Exxon, 214-444-1107 or 214-444-1109/
    (XON) CO:  Exxon Pipeline Company; Exxon Corporation ST:  Texas IN:  OIL SU: CK-SM -- NY043 -- 1026 01/17/92 13:30 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 17, 1992
Words:137
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