IC INDUSTRIES <ICX> TO REDEEM SECURITIES
IC Industries Inc called for redemption
113.6 mln dlrs worth of securities.
    IC said it will redeem 69 mln dlrs in 14 pct guaranteed
notes, seven pct Swiss Franc notes of Abex International worth
40 mln Swiss francs (26.2 mln dlrs), and 18.4 mln dlrs of
11-5/8 pct Pneumo subordinated sinking fund debentures.
    The guaranteed notes will be redeemed May 15 at a
redemption price of 100.5 pct. The Swiss Franc notes will be
redeemed July 12 at 100.5 pct. The debentures will be redeemed
June one, with 5.75 mln dlrs to be redeemed at 100 pct and the
balance to be redeemed at 102.33 pct.
 Reuter
