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SAN DIEGO GAS & ELECTRIC INVITES BONDHOLDERS TO TENDER UP TO $400 MILLION OF OUTSTANDING BONDS

 SAN DIEGO GAS & ELECTRIC INVITES BONDHOLDERS
 TO TENDER UP TO $400 MILLION OF OUTSTANDING BONDS
 SAN DIEGO, Aug. 5 /PRNewswire/ -- San Diego Gas & Electric Co. (NYSE: SDO) announced today that it is inviting holders of three series of tax-exempt industrial development bonds issued by The City of San Diego to submit offers to sell for cash any and all of their bonds to SDG&E at purchase prices designated by bondholders.
 The invitation to participate in the "modified dutch auction" applies to bondholders owning the 10 percent 1983 Series A due June 1, 2018; 10 percent 1983 Series B due Sept. 1, 2018; and 9 1/4 percent 1985 Series A due Sept. 1, 2020, aggregating a total principal amount of $400 million. The dealer-manager for the invitation is Goldman, Sachs & Co. The information agent is Georgeson & Co. Inc.
 The invitation will expire at 5 p.m. EDT on Friday, Sept. 11, 1992, unless earlier terminated or extended by SDG&E at its sole discretion. Notice of early termination or extension will be given on the Munifacts Wire System and Dow Jones News Service.
 -0- 8/5/92
 /CONTACT: Gretchen Griswold of San Diego Gas & Electric, 619-696-4309/
 (SDO) CO: San Diego Gas & Electric ST: California IN: UTI SU:


JL-JB -- SD004 -- 7138 08/05/92 13:38 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 5, 1992
Words:217
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