Printer Friendly

IBM CALLS WORLD TRADE CORP. 10-1/4 PERCENT NOTES DUE NOVEMBER 1995; IBM ALSO CALLS 7-7/8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2004

IBM CALLS WORLD TRADE CORP. 10-1/4 PERCENT NOTES DUE NOVEMBER 1995; IBM ALSO CALLS 7-7/8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2004
 ARMONK, N.Y., Sept. 21 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it will call on Nov. 14, 1992, all of the $250 million outstanding principal amount of its November 1995 World Trade Corporation 10-1/4 percent notes, originally issued in November 1985, at a redemption price of 101 percent of the principal amount thereof.
 The company also announced that it will call on Nov. 21, 1992, all of the $1.2 billion outstanding principal amount of its November 2004 7-7/8 percent convertible subordinated debentures, originally issued in November 1984, at a redemption price of 101.575 percent of the principal amount thereof.
 Payment of the call price for the 10-1/4 percent notes, together with accrued interest thereon from the last interest payment on Nov. 14, 1991, will be made on Nov. 14, 1992. Notice of the call and instructions for delivery of the 10-1/4 percent notes are being published in the Financial Times and Luxemburger Wort on Sept. 22 and Sept. 29, 1992.
 Payment of the call price for the 7-7/8 percent bonds, together with accrued interest thereon from the last interest payment on May 21, 1992, will be made on Nov. 21, 1992. Notice of the call and instructions for delivery of the 7-7/8 percent bonds will be mailed the week of Oct. 5, 1992, to all registered holders.
 -0- 9/21/92
 /CONTACT: Rob Wilson of IBM, 914-765-6565/
 (IBM) CO: IBM Corporation ST: New York IN: CPR SU:


LR -- NY069 -- 6435 09/21/92 14:29 EDT
COPYRIGHT 1992 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 21, 1992
Words:278
Previous Article:OPTELECOM AND PHYSICAL OPTICS CORPORATION (POC) SIGN STRATEGIC TECHNOLOGY DEVELOPMENT AGREEMENT
Next Article:LTV BOARD ELECTS NEW CORPORATE OFFICERS
Topics:


Related Articles
FITCH WITHDRAWS RATINGS OF EIGHT BANK AND FINANCE COMPANIES -- FITCH FINANCIAL WIRE --
ENSERCH TO REDEEM DEBENTURES
APACHE TO REDEEM CONVERTIBLE DEBENTURES
IBM CALLS 10 1/4 PERCENT DEBENTURES DUE OCTOBER 1995
IBM ISSUES $1.65 BILLION IN U.S. PUBLIC NOTES TO REFINANCE EARLIER DEBT CALLS
ZENITH RAISES $42 MILLION IN SALE OF DEBENTURES TO INSTITUTIONAL INVESTORS
ZENITH TO REDEEM 12-1/8% NOTES WITH SOME PROCEEDS FROM SALE OF 8-1/2% DEBENTURES
NWNL TO REDEEM USLICO DEBENTURES

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters