Chevron calls $83.72 million of Texaco's 7.5% debentures due 2043

By Tali David

Minneapolis, Jan. 24 - Chevron Corp. called Texaco Capital Inc.'s $83.72 million 7.5% guaranteed debentures due 2043, according to a press release.

The bonds will be redeemed at par plus a 2.717% premium and accrued interest on March 1.

Chevron said that the redemption is due to high associated coupon payments and will be financed using existing cash.

Texaco is a subsidiary of Chevron. Chevron is a San Ramon, Calif.-based petroleum, chemical, mining, power and energy company.

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