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MBNA AMERICA BANK, N.A. PRICES $200 MILLION OF SUBORDINATED DEBT SECURITIES

 MBNA AMERICA BANK, N.A. PRICES $200 MILLION
 OF SUBORDINATED DEBT SECURITIES
 NEWARK, Del., Sept. 14 /PRNewswire/ -- MBNA Corporation (NYSE: KRB) announced today that MBNA America Bank, N.A., its wholly owned subsidiary, priced the issuance of $200 million 7.25 percent 10-year subordinated debt securities.
 The securities were priced at 99.403 to yield 7.335 percent or 100 basis points above the 10-year Treasury Note and will mature Sept. 15, 2002. The transaction was lead managed by Merrill Lynch & Co. and co- managed by Bear Stearns & Co., First Boston Corporation and Goldman Sachs & Co.
 Proceeds from this transaction, which are considered Tier 2 capital, will further enhance MBNA's already strong capital position. MBNA's capital ratios, as of June 30, 1992, adjusted to reflect the issuance of this subordinated debt are:
 MBNA 1992
 MBNA America Bank, Regulatory
 Corporation N.A. Requirements
 TIER I 13.49 percent 8.06 percent 4.00 percent
 TIER I and II 19.47 percent 13.60 percent 8.00 percent
 Leverage 10.53 percent 6.31 percent 3.00 percent
 MBNA Corporation, a bank holding company, is the parent of MBNA America Bank, N.A., a national bank with $8.9 billion in managed loans to 8 million Customers nationwide. MBNA, the country's third largest lender through bank credit cards, also provides retail deposit, individual loan, card acceptance, and financial transaction processing services. The company is endorsed by 1,700 membership organizations and 950 financial institutions.
 /delval/
 -0- 9/14/92
 /CONTACT: David W. Spartin, senior vice president-investor relations of MBNA, 800-362-6255, or 302-456-8588/ CO: MBNA Corporation: MBNA America Bank, N.A. ST: Delaware IN: FIN SU:


CC -- PH023 -- 9207 09/14/92 14:14 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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