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TEXACO ANNOUNCES PUBLIC ISSUANCE OF $200 MILLION IN 40-YEAR DEBT SECURITIES

 WHITE PLAINS, N.Y., Feb. 17 /PRNewswire/ -- Texaco Inc. (NYSE: TX) has announced that its wholly owned finance subsidiary, Texaco Capital Inc., is issuing $200 million of 40-year debentures in a public offering. These securities, which will mature on Feb. 15, 2033, are being offered at a price of 99.203 percent of par with an interest coupon rate of 7-3/4 percent. 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 offered through an underwriting group led by The First Boston Corporation and co-managed by Donaldson, Lufkin & Jenrette Securities Corporation; Chase Securities, Inc.; Citicorp Securities Markets, Inc. and Kidder, Peabody & Co. Incorporated. The debt securities are issued under a shelf registration statement that was filed with the Securities and Exchange Commission in May 1992.
 -0- 2/17/93
 /CONTACT: Jim Reisler of Texaco, Inc., 914-253-4389/
 (TX)


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

TM -- NY112 -- 7560 02/17/93 17:25 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:187
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