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R.R. DONNELLEY ANNOUNCES UNDERWRITTEN PUBLIC DEBT OFFERING

 CHICAGO, Jan. 4 /PRNewswire/ -- R.R. Donnelley and Sons Company (NYSE: DNY) has made a public offering of $110 million principal amount of 7.00 percent notes due Jan. 1, 2003, priced at 99.64 to yield 7.05 percent. The notes are being issued as part of Donnelley's medium-term note program issued off its shelf registration of debt securities, which has been rated Aa3 by Moody's Investors Service, Inc. and AAP by Standard and Poor's Corp. Underwriters for the offering are Salomon Brothers Inc, Kidder Peabody & Co. Incorporated, Lehman Brothers and Merrill Lynch & Co.
 Net proceeds from the issue will be used to reduce outstanding commercial paper borrowings incurred for working capital purposes and in connection with funding a portion of the company's liability for post-retirement employee benefits.
 -0- 1/4/93
 /CONTACT: Ronald G. Eidell, senior vice president and treasurer of R.R. Donnelley, 312-326-8375/
 (DNY)


CO: R.R. Donnelley and Sons Company ST: Illinois IN: SU: OFR

LD -- NY080 -- 1470 01/04/93 17:37 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:169
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