El Paso prices tender for 5¾% euro notes

New York, Feb. 9 - El Paso Corp. said it has set pricing in its cash tender offer for its €550 million of 5¾% notes due 2006.

The company will pay €1,032.95 per €1,000 principal amount, based on a spread of 25 basis points over the benchmark rate.

The tender, announced on Jan. 26, runs through 11 a.m. ET on Feb. 25.

The dealer manager is Bayerische Hypo- und Vereinsbank AG (+49 89 378 15890 or +33 1 42 13 7836). The tender agent is Citibank, NA (+44 20 7508 3867 or +352 26 96 2549 or 2572).

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