ASSOCIATES CORPORATION OF NORTH AMERICA $300 MILLION 6-3/8 PERCENT SENIOR NOTES
ASSOCIATES CORPORATION OF NORTH AMERICA
$300 MILLION 6-3/8 PERCENT SENIOR NOTES
DALLAS, April 6 /PRNewswire/ -- Associates Corporation of North America today announced that it agreed to sell $300 million of 6-3/8 percent senior notes due April 15, 1995, priced to the public at 99.845 percent to yield 6.432 percent, through The First Boston Corporation.
The notes were registered with the Securities and Exchange Commission under SEC's Rule 415.
Net proceeds from the sale of the securities will be added to the general funds of the company and will be applied initially to the reduction of commercial paper borrowings.
Associates Corporation of North America is a consumer and commercial finance company and is part of the Financial Services Group of Ford Motor Company (NYSE: F).
/CONTACT: Dale Knight of Associates Corporation, 214-541-7569/
(F) CO: Associates Corporation of North America ST: Texas IN: FIN SU: OFR SM -- NY080 -- 5503 04/06/92 15:59 EDT