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JCPENNEY TO REDEEM ALL 9 PERCENT SINKING FUND DEBENTURE DUE 1999

 JCPENNEY TO REDEEM ALL 9 PERCENT SINKING FUND DEBENTURE DUE 1999
 DALLAS, May 22 /PRNewswire/ -- The J. C. Penney Company, Inc. (NYSE: JCP) announced today that it has elected to redeem on June 15, 1992, all of its $69.784 million outstanding 9 percent sinking fund debentures due 1999. The company will redeem $51.034 million at 100.9 percent plus accrued interest and $18.750 million at par plus accrued interest, through mandatory and optional sinking fund payments.
 -0- 5/22/92
 /CONTACT: J. Duncan Muir of the J.C. Penney Company, 214-591-1329/
 (JCP) CO: J.C. Penney Company, Inc. ST: Texas IN: REA SU:


TS -- NY014 -- 3233 05/22/92 10:42 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:115
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