ENERGY
From Times Staff and Wire Reports
Occidental to Redeem Debt: Occidental Petroleum Corp. said it will redeem on Dec. 16 all $490 million in 8.95% subordinated notes due on April 15, 1994. The redemption price is 100% of the principal amount together with accrued interest from Oct. 15, 1991, to the redemption date. Occidental Chairman Ray R. Irani said the call of the notes will be funded in part by recent asset sales and in part from alternative, lower-cost sources of funds.
