Pioneer sets pricing in redemption of 7½%, 9 5/8% notes

New York, Sept. 28 - Pioneer Natural Resources Co. said it has set pricing for the redemption of its $16.2 million of its 7½% notes due 2012 and $12.6 million of 9 5/8% senior notes due 2010.

The company will pay $1,162.64 per $1,000 principal amount for the 7½% notes including a make-whole premium of $162.64.

Pioneer will pay $1,205.54 per $1,000 principal amount for the 9 5/8% notes including a make-whole premium of $205.54.

Holders will also receive accrued interest up to but not including the redemption date of Oct. 3.

Pioneer, a Dallas oil and gas exploration and production company, announced the call on Sept. 1.

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