VALERO ENERGY CORP
424B2, 1995-06-27
PETROLEUM REFINING
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Pricing Supplement dated June 23, 1995             Rule 424(b)(2)
(To Prospectus dated March 13, 1995 and         File No. 33-56441
Prospectus Supplement dated March 13, 1995)

                         VALERO ENERGY CORPORATION
                             Medium-Term Notes


CUSIP:             91938XAX1
Principal Amount:  $20,000,000.00      
Price to Public:                       
    [X] 100% of Principal Amount 
    [ ] Varying prices relating to prevailing market prices at
        the time of sale

Interest Rate:                   7.41% per annum
Stated Maturity:                 June 28, 2005
Trade Date:                      June 23, 1995
Original Issue Date:             June 28, 1995
Net Proceeds to Issuer:          $19,880,000.00
Agent's Discount or Commission:  0.60%

Interest Payment Dates: March 15 and September 15 of each year.

Day Count Convention:
    [X] 30/360 for the period from Original Issue to Stated
        Maturity Date.
    [ ] Actual/360 for the period from                   to
    [ ] Actual/Actual for the period from                to

Redemption:
    [X] The Notes cannot be redeemed prior to the Stated
        Maturity, except as set forth in the Prospectus and
        Prospectus Supplement.
    [ ] The Notes may be redeemed prior to the Stated Maturity.
        Initial Redemption Date:
        Initial Redemption Percentage:        %
        Annual Redemption Percentage Reduction:     % until
        Redemption
        Percentage is 100% of the principal amount.

Optional Repayment:
    [X] The Notes cannot be repaid prior to the Stated Maturity,
        except as set forth in the Prospectus and Prospectus
        Supplement.
    [ ] The Notes can be repaid prior to the Stated Maturity at
        the option of the holder of the Notes.
        Optional Repayment Date(s):        Repayment Price:    %

Currency:     U.S. dollars.

Original Issue Discount:     [ ] Yes     [X] No
    Total Amount of OID:
    Yield to Maturity:
    Initial Accrual Period:
    Repurchase Price, if any:

Form:    [X] Book-Entry         [ ] Certificated


[ ] Lehman Brothers Inc.
[X] Salomon Brothers Inc
[ ] BT Securities Corporation



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