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BARNETT ISSUES $150 MILLION IN SENIOR DEBT

 JACKSONVILLE, Fla., May 26 /PRNewswire/ -- Barnett Banks, Inc. (NYSE: BBI) announced today that it has issued $150 million in floating- rate senior debt. The notes have a three-year term, are callable after one year and were priced at 23 basis points (.23 percent) above three- month LIBOR.
 The new debt was issued as a medium-term note program and was underwritten by Goldman, Sachs and Co. According to Paris Thermenos, Barnett's treasurer, the company issued the new debt at this time to take advantage of low interest rates. Proceeds of the transaction will be used to redeem outstanding debt with a higher interest rate.
 With $38 billion in assets and 633 offices in Florida and Georgia, Barnett Banks, Inc. is the leading financial institution in Florida and the 18th-largest in the United States. The company's stock (BBI) is listed on the New York Stock Exchange.
 -0- 5/26/93
 /CONTACT: Bob Stickler (media), 904-791-5437, or home, 904-396-9284, or Helen Rowan (analysts), 904-791-7627, or home, 904-272-6915 of Barnett Banks, Inc./
 (BBI)


CO: Barnett Banks, Inc. ST: Florida IN: FIN SU:

AW-JB -- FL009 -- 2577 05/26/93 15:55 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:187
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