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P&G TO REDEEM 7 PERCENT SINKING FUND DEBENTURES

 CINCINNATI, June 15 /PRNewswire/ -- The Procter & Gamble Company (NYSE: PG) today announced its election to redeem on July 15, 1993, all of the outstanding $100,000,000 of its 7 percent sinking fund debentures due May 15, 2002, at 100.96 percent of par. The debentures, originally issued in 1972, are listed on the New York Stock Exchange.
 Notice of the redemption is being mailed today to the holders by Bankers Trust Company as successor trustee. Debentures holders are entitled to receive the redemption price plus accrued interest from May 15, 1993 (the last interest payment date with respect to the debentures), to the redemption date of July 15, 1993 ($1,021.27 for each $1,000 principal amount of debentures). On and after July 15, 1993, interest will cease to accrue.
 Payment of the redemption price plus accrued interest will be made to the holders of the debentures upon presentation to the paying agent:
 Morgan Guaranty Trust Company of New York
 Corporate Trust Operations Department
 Tellers and Mail Unit
 55 Exchange Place - Basement A
 New York, N.Y. 10260-0023
 212-235-0900
 -0- 6/15/93
 /CONTACT: Linda L. Ulrey of Procter & Gamble Company, 513-945-8210/
 (PG)


CO: Procter & Gamble Company ST: Ohio IN: HOU SU:

KL -- CL018 -- 4724 06/15/93 15:07 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:213
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