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RJR NABISCO TO REDEEM SINKING FUND DEBENTURES DUE 2016

 NEW YORK, Jan. 5 /PRNewswire/ -- RJR Nabisco Holdings Corp. (NYSE: RN) today announced that its subsidiary, RJR Nabisco, Inc., has called for redemption all of its outstanding 9-3/8 percent sinking fund debentures due 2016.
 The company set Feb. 5, 1993, as the redemption date. The redemption price for each $1,000 principal amount, as provided for in the terms of the debentures, is $1,065.63, plus $32.29 representing accrued interest to the redemption date. Total consideration is $1,097.92 for each $1,000 principal amount of debentures.
 RJR Nabisco said it will use segregated proceeds from the sale of its ready-to-eat cold cereal business for the redemption.
 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- 1/5/93
 /CONTACT: Jason Wright of RJR Nabisco, 212-258-5770/
 (RN)


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

RA-BN -- AT015 -- 1899 01/05/93 16:32 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:185
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