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Pricing Supplement Dated November 6, 1995 Rule 424 (b) (3)
File No. 33-52669
(To Prospectus dated June 23, 1994 and Prospectus Supplement dated June 23,
1994)
PHH CORPORATION
MEDIUM-TERM NOTES
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Principal Amount: $100,000,000 Trade date: November 3, 1995
Currency or Currency Unit: U.S. Dollars Original Issue Date: November 9, 1995
Issue Price: 100.00% * Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: $100,000,000 Agent (s): CS First Boston Corporation
Maturity Date: November 12, 1996 Other Terms: None
CUSIP Number: 69332H CX 2
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* The Agent agrees to purchase the Notes at 100%. The Agent proposes to offer
the Notes from time to time for resale in negotiated transactions or otherwise,
at market prices prevailing at the time of resale, at prices related to such
prevailing market prices or at negotiated prices.
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<CAPTION>
<S> <C> <C> <C>
Interest:
Fixed Rate:
Floating Rate:
Base Rate: [X] Commercial Paper (30 day H.15, MMY) [ ] CD Rate
[ ] Federal Funds Effective Rate
[ ] LIBOR [ ] Treasury Rate [ ] Prime Rate [ ] Other
( ) Reuters (see attached)
( ) Telerate
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Initial Interest Rate: To be set on November 7, 1995
Interest Reset Dates: Monthly, on the 12th or next Business Day of each
month, commencing December 12, 1995
Interest Determination Date: Two Business Days prior to the Reset Date
Day Count Fraction: Actual/360
Interest Payment Dates: Monthly, on the 12th day or next Business Day of
each month, commencing December 12, 1995
Index Maturity: 1 month
Spread: minus 0.05%
Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
Redemption:
[X] The Notes cannot be redeemed prior to maturity, except as set forth
in the Prospectus [ ] The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Price: %
Annual Redemption Price Reduction: % until Redemption Price is 100%
of the principal amount
Repayment:
[X] The Notes cannot be repaid prior to maturity, except as set forth
in the Prospectus [ ] The Notes can be repaid prior to maturity at the
option of the holder of the Notes
Repayment Date:
Repayment Price: %
Discount Note: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Global [ ] Certificated
