Amadeusz Juskowiak

Holiday corp hia to redeem two bond issues

Holiday Corp said it would redeem on March 11 all outstanding 912 pct first mortgage bonds due 1995 of its Holiday Inns Inc unit and all 912 pct first mortgage bonds Series A due 1996 of its Harrahs subsidiary

The Holiday bonds will be bought back at 1016 pct of the bonds principal amount plus accrued interest or 103869 dlrs per 1000 dlr face amount Holiday will redeem the Harrahs bonds at 1045 pct of the principal amount plus accrued interest or 107931 dlrs per 1000 dlr face amount

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