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RJR NABISCO TO REDEEM 17-3/8 PERCENT DEBENTURES OF 2009

 NEW YORK, March 12 /PRNewswire/ -- RJR Nabisco Holdings Corp. (NYSE: RN) today announced that it intends to redeem its 17-3/8 percent senior converting debentures due 2009 on May 1, the first day the company has the option to redeem the debentures.
 The company said that the debentures accrue interest without cash payment from Feb. 9, 1989, through April 30, 1993. A cash interest payment ($937.54 per $1,000 principal amount of senior converting debentures) will be paid on May 1 to holders of record on April 12. Under the terms of the debentures, on May 1 the redemption price will equal 100 percent of the principal amount of each debenture ($1,000 for each $1,000 principal amount).
 There currently is outstanding approximately $225 million principal amount of the senior converting debentures.
 RJR Nabisco Holdings Corp. is the parent company of RJR Nabisco, Inc., an international consumer products company. RJR Nabisco's major operating units are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., the Nabisco Foods Group, and Nabisco International, Inc.
 -0- 3/12/93
 /CONTACT: Jason Wright of RJR Nabisco, 212-258-5770/
 (RN)


CO: RJR Nabisco Holdings Corp. ST: New York IN: TOB SU:

BN-RA -- AT001 -- 5397 03/12/93 08:55 EST
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Publication:PR Newswire
Date:Mar 12, 1993
Words:208
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