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RJR NABISCO TO REDEEM FLOATING RATE NOTES OF 1999

BUSINESS EDITOR:
 RJR NABISCO TO REDEEM FLOATING RATE NOTES OF 1999
 NEW YORK, Jan. 9 /PRNewswire/ -- RJR Nabisco Holdings Corp. today announced that its subsidiary RJR Nabisco Capital Corp. has called for redemption all of its outstanding subordinated floating rate notes due 1999.
 The terms of the floating rate notes provide for them to be called, at the option of the company, on any interest payment date through May 15, 1999.
 The company set Feb. 15, 1992 as the redemption date. The redemption price, as provided for in the terms of the floating rate notes, is 100.50 percent of the principal amount of each note. Total consideration is $1,005.00 for each $1,000 principal amount of floating rate notes. The company said interest will be paid on Feb. 15, 1992, which is the regular interest payment date, in the usual manner.
 RJR Nabisco Capital Corp. currently has outstanding $250 million principal amount of the floating rate notes. U.S. Trust Company of California, N.A. is the paying agent.
 RJR Nabisco Holdings Corp. is the indirect parent 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., and the Nabisco Foods Group, consisting of Nabisco Brands, Inc., and Planter LifeSavers Co.
 -0- 1/9/92
 /CONTACT: Jason Wright of RJR Nabisco Holdings Group, 212-258-5770/ CO: RJR Nabisco Holdings Corporation ST: New York IN: REA SU:


BR-TG -- AT008 -- 8254 01/09/92 13:28 EST
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Publication:PR Newswire
Date:Jan 9, 1992
Words:253
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