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TEXACO ANNOUNCES PUBLIC ISSUANCE OF $200 MILLION IN 30-YEAR DEBT SECURITIES

 WHITE PLAINS, N.Y., Aug. 12 -- Texaco Inc. (NYSE: TX) has announced that its wholly owned finance subsidiary, Texaco Capital Inc., is issuing $200 million of 30-year debentures in a public offering. These securities, which mature on August 15, 2023, are being offered at 97.342 percent of par and an interest coupon rate of 6.875 percent and are callable after ten years. Texaco Inc. will unconditionally guarantee the securities.
 Proceeds from the sale will be loaned to Texaco Inc. or its subsidiaries to be used for working capital, for retirement of debt and for other general corporate purposes.
 The sale is being led by The First Boston Corporation with Morgan Stanley & Co. and Salomon Brothers Inc. as co-managers. Bear, Stearns & Co., Inc. also is an underwriter of these securities. The debt securities are issued under a shelf registration statement that was filed with the Securities and Exchange Commission in June 1993.
 -0- 8/12/93
 /CONTACT: Cynthia B. Boyd of Texaco, 914-253-4743/
 (TX)


CO: Texaco Inc. ST: New York IN: OIL SU: OFR

TM -- NY078 -- 2265 08/12/93 16:34 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:184
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