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MICHCON TO REDEEM BONDS

 DETROIT, Aug. 2 /PRNewswire/ -- Michigan Consolidated Gas Company (MichCon) today announced it is redeeming three series of first mortgage bonds totaling almost $75 million. The coupons, maturities and call premiums are:
 9-1/4 percent due Oct. 1, 1996 at 101.470 percent of par ($6,000,000 outstanding).
 8-5/8 percent due Dec. 1, 1997 at 101.816 percent of par ($8,881,000 outstanding).
 9-1/8 percent due Feb. 1, 2017 at 106.840 percent of par ($60,000,000 outstanding).
 The redemption date for the bonds is Sept. 2, 1993. A notice of redemption will be mailed to bond holders tomorrow, Aug. 3. Citibank, N.A., trustee under the indenture of mortgage, as supplemented, is handling the redemption for MichCon.
 MichCon, a wholly owned subsidiary of MCN Corporation (NYSE: MCN), is a natural gas distribution, transmission and storage company serving 1.1 million customers in more than 500 communities throughout Michigan.
 -0- 8/2/93
 /CONTACT: (Security Analysts) Sebastian Coppola, 313-256-6324, or (News Media) David Coulter, 313-256-5986, both of Michigan Consolidated Gas Company/
 (MCN)


CO: Michigan Consolidated Gas Company ST: Michigan IN: UTI OIL SU:

JG -- DE017 -- 8437 08/02/93 14:28 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
Words:196
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