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GENERAL MILLS CALLS 9-3/8 PERCENT SINKING FUND DEBENTURES

       GENERAL MILLS CALLS 9-3/8 PERCENT SINKING FUND DEBENTURES
    MINNEAPOLIS, Nov. 15 /PRNewswire/ -- General Mills (NYSE: GIS) today announced that it is calling $98 million of its 9-3/8 percent Sinking Fund Debentures due March 1, 2009, at a premium of 104.381 percent.  The bonds will be redeemed on Dec. 17, 1991, at the office of the Trustee, Citibank N.A.
    General Mills also noted that the remaining $11.9 million of the 9-3/8 percent debenture issue will be redeemed at par on March 1, 1992 in accordance with the sinking fund requirements on the Indenture.
    The debt being retired is being refinanced with a combination of $60 million of 12-15 year medium-term notes the company has issued at an average rate of 8.2 percent and short-term commercial paper.
    -0-                       11/15/91
    /CONTACT:  Dean Belbas of General Mills, 612-540-2443/
    (GIS) CO:  General Mills ST:  Minnesota IN: SU: KH -- MN004 -- 1490 11/15/91 11:23 EST
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Publication:PR Newswire
Date:Nov 15, 1991
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