Safeway Stores Holdings said the debentures to...

Safeway Stores Holdings said the debentures to be issued in exchange for the remaining Safeway common stock will have a 15% interest rate from the date of issuance through Nov. 24, 1988. That rate will drop to 14.5% thereafter . . . Lucky Stores said it will start the company’s tender offer for 14.4 million of its common shares later this week . . . Pacific Texas Pipeline, Long Beach, has received final approval from the California Coastal Commission to build and operate a $1.66-billion crude oil pipeline from Los Angeles Harbor to Midland, Tex. . . . Microelectronics & Computer Technology Corp. reported that Hewlett-Packard has become its newest shareholder . . . The Federal Reserve reported that the average yield for one-year T-bills, the most popular index for making changes in adjustable-rate home mortgages, rose to 5.89% last week.