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NOVA ISSUES CANADIAN DEBENTURES

 CALGARY, Alberta, June 21 /PRNewswire/ -- NOVA Corp. of Alberta announced today that it has entered into an underwriting agreement for the issue in Canada of $150 million of its 8.30 percent debentures, Series 22, due July 15, 2003.
 The net proceeds from the sale will be used to finance a portion of NOVA's 1993 capital expenditures for the Alberta Gas Transmission Division ("AGTD") pipeline system and to repay bank loans and other debt incurred to finance expansion of the pipeline system. The debentures will form part of the capital structure of AGTD for calculating its cost-of-service.
 The issue is being underwritten by a group of Canadian underwriters.
 -0- 6/21/93
 /CONTACT: Rick Milner, VP and treasurer, 403-290-7788, or Bill Rowe, director-investor relations, 403-290-7807, or Jeff Flood, manager- communications, 403-290-7657, all of NOVA Corp./
 (NVA.)


CO: NOVA Corp. of Alberta ST: Alberta IN: OIL SU: OFR

LS -- LA035 -- 4259 06/21/93 19:35 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
Words:156
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