Pricing Supplement No. 7 Filing under Rule 424(b)(3)
Dated September 26, 1997 Registration No. 33-46605
(To Prospectus dated
September 15, 1997 and
Prospectus Supplement
dated September 15, 1997)
$45,000,000
MDU RESOURCES GROUP, INC.
SECURED MEDIUM-TERM NOTES, SERIES A
Principal Amount: $15,000,000
Interest Rate: 6.52% per annum
Maturity Date: October 1, 2004
Issue Price: 100%
Agent's Commission/Discount: .60%
Net Proceeds to the Company: 99.4%
Redemption Provisions: Not redeemable
Sinking Fund Provisions: None
Original Issue Date: September 30, 1997
As of the date of this Pricing Supplement, the
aggregate principal amount of the Notes (as defined in the
Prospectus) that have been sold (including the Notes to which
this Pricing Supplement relates and one other sale of even date
herewith) is $135,000,000.
UNDERWRITING
Subject to the terms and conditions set forth in a
Terms Agreement, dated September 25, 1997, between Lehman
Brothers, Lehman Brothers Inc. (the "Purchaser") and MDU
Resources Group, Inc. (the "Company"), the Purchaser has agreed
to purchase from the Company, and the Company has agreed to sell
to the Purchaser, as principal, $15,000,000 principal amount of
the Notes. (See "Supplemental Plan of Distribution" in the
Prospectus Supplement").
