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/C O R R E C T I O N -- Matsushita Electric/

 /C O R R E C T I O N -- Matsushita Electric/
 In NY019, moved earlier today, we are advised by a representative of


Matsushita that the company issued U.S. $1 billion bonds, rather than $1 billion notes, as originally issued. A corrected version of the release follows:
 MATSUSHITA ELECTRIC TO LAUNCH GLOBAL BOND ISSUE
 OSAKA, Japan, May 21 /PRNewswire/ -- The board of directors of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) announced an issue of U.S. $1 billion bonds in a global offering mainly in the United States and Europe.
 The proceeds will be used to repay part of the debt associated with the acquisition of MCA Inc.
 The bonds will be registered with the U.S. Securities and Exchange Commission and the offering is expected to be launched in July subject to registration of the issue with the SEC.
 Application will be made to have the bonds listed on the London Stock Exchange.
 Matsushita Electric Industrial Co., Ltd. is Japan's largest manufacturer of consumer electric and electronic products. The company's stock is also listed outside Japan on the Amsterdam, Dusseldorf, Frankfurt and Paris stock exchanges. Its products are marketed around the world under the "Panasonic," "National," "Technics" and "Quasar" brand names.
 -0- 5/21/92 C NY019
 /CONTACT: Stan Igaki of Panasonic Finance, 212-371-4116/
 (MC) CO: Matsushita Electric Industrial Co., Ltd. ST: IN: CPR SU:


SM -- NY019A -- 2839 05/21/92 12:35 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 21, 1992
Words:238
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