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GMAC REDEEMS 8.65 PERCENT DEBENTURES

 DETROIT, March 15 /PRNewswire/ -- General Motors Acceptance Corporation announced today that it will exercise its option to redeem on April 15, 1993, all of its outstanding 8.65 percent Debentures due to mature Feb. 15, 2008. The Debentures will be redeemed at 101.35 percent of their principal amount plus accrued interest.
 The Debentures were sold in February 1978 in the principal amount of $150 million, all of which are presently outstanding.
 The Debentures may be presented and surrendered for payment to Morgan Guaranty Trust Company of New York, Corporate Trust Operations Department, Tellers and Mail Unit, 55 Exchange Place, Basement A, New York, NY 10260-0023. Interest on the Debentures will cease to accrue on and after April 15, 1993.
 -0- 3/15/93
 /CONTACT: Chris Rutkowski of GMAC, 313-974-1223/
 (GM)


CO: General Motors Acceptance Corporation ST: Michigan IN: AUT FIN SU:

DC -- DE029 -- 6227 03/15/93 16:45 EST
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Publication:PR Newswire
Date:Mar 15, 1993
Words:151
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