NEW YORK - Chemical Banking Corp. said it will redeem four issues of long-term debt totaling $173 million on Sept. 1.

The company said it will redeem $56 million of 8.25% debentures due 2002, at 101.54% of principal; $53.6 million of 8.125% sinking fund debentures due Aug. 15, 2007, at 102.7%, $38.5 million of 8.125% sinking fund debentures due March 1, 2004, at 101.77%; and $24.9 million of 8.4% debentures due April 15, 1999, at 110.42%.

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