PAINEWEBBER GROUP <PWJ> TO REDEEM DEBENTURES
Painewebber Group Inc said it will
redeem all its outstanding 8-1/4 pct convertible subordinated
debentures due 2008.
    It said it will redeem all the debentures for 1,060.50 dlrs
plus accrued interest to the redemption date of March 30. The
notes can be converted into common stock at a price of 42.35
dlrs per share.
 Reuter
