Printer Friendly

FLEET/NORSTAR FINANCIAL GROUP SELLS $100 MILLION 7.65 PERCENT NOTES DUE 1997

 FLEET/NORSTAR FINANCIAL GROUP SELLS $100 MILLION 7.65 PERCENT
 NOTES DUE 1997
 PROVIDENCE, R.I., Feb. 27 /PRNewswire/ -- Fleet/Norstar Financial Group (NYSE: FNG) announced today that it has sold $100 million of 7.65 percent notes at par. The notes will mature on March 1, 1997.
 The notes were issued pursuant to a registration statement filed by Fleet/Norstar with the Securities and Exchange Commission under Rule 415. The registration statement became effective on Feb. 12, 1992, covering up to $893 million of debt securities. Following the current offering, approximately $793 million of debt securities will remain in registration.
 Fleet/Norstar said it will use the net proceeds of the offering for general corporate purposes. The issue was co-managed by Merrill Lynch Capital Markets and Salomon Brothers, Inc.
 Fleet/Norstar Financial Group is a diversified financial services company listed on the New York Stock Exchange with approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, trust banking and student loan processing.
 -0- 2/27/92
 /CONTACT: Robert W. Lougee Jr., 401-278-5879; Bruce P. Crooks, 401-278-6241; Thomas L. Lavelle, 617-573-7733; or Charles T. Conway Jr., 401-278-6240, of Fleet/Norstar/ CO: Fleet/Norstar Financial Group ST: Rhode Island IN: FIN SU:


EG-DH -- NE008 -- 3435 02/27/92 16:34 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 27, 1992
Words:221
Previous Article:COMPUTER LANGUAGE RESEARCH REPORTS 1991 RESULTS OF OPERATIONS AND CASH DIVIDEND DECLARATION
Next Article:REGENT BANCSHARES DECLARES DIVIDEND
Topics:


Related Articles
FLEET/NORSTAR FINANCIAL GROUP AGREES TO SELL $100 MILLION OF PREFERRED STOCK
FLEET/NORSTAR FINANCIAL GROUP SELLS $150 MILLION 9.00 PERCENT SUBORDINATED NOTES DUE 2001
FLEET/NORSTAR FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS
FLEET/NORSTAR FINANCIAL GROUP SELLS $107 MILLION 8.625 PERCENT SUBORDINATED NOTES DUE 2007
FLEET/NORSTAR FINANCIAL GROUP FILES SHELF REGISTRATION
FLEET/NORSTAR $892 MILLION SHELF RATED 'A/A-' BY FITCH -- FITCH FINANCIAL WIRE --
FLEET/NORSTAR FINANCIAL GROUP DECLARES COMMON STOCK DIVIDEND
FLEET/NORSTAR FINANCIAL GROUP TO CALL CONVERTIBLE DEBENTURES
FLEET/NORSTAR FINANCIAL GROUP DECLARES PREFERRED STOCK DIVIDENDS
FLEET/NORSTAR FINANCIAL GROUP BECOMES PART OWNER OF NYCE NETWORK

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters