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MBNA AMERICA BANK, N.A. SECURITIZES $1 BILLION OF CREDIT CARD RECEIVABLES USING FLOATING RATE STRUCTURE

 NEWARK, Del., June 8 /PRNewswire/ -- MBNA Corporation (NYSE: KRB) announced today that MBNA America Bank, N.A., its wholly owned subsidiary, priced the issuance of $1 billion of floating rate, three- year AAA/Aaa rated securities.
 The MBNA Master Credit Card Trust Series 1993-2 ("MBNA 1993-2") is backed by credit card receivables originated and serviced by MBNA. The securities will float at 15 basis points over the one month London Interbank Offered Rate (LIBOR) and carry a 12 percent coupon cap. The securities were priced to yield LIBOR plus 17 basis points. This is the eighteenth transaction by MBNA America Bank, N.A. and the second public securitization in 1993. The transaction was lead managed by The First Boston Corporation and co-managed by J.P. Morgan Securities, Lehman Brothers and Merrill Lynch & Co.
 This is the sixth issuance by MBNA using the Master Trust structure and the third with a floating interest rate. The Master Trust permits the addition of new accounts which provides MBNA with greater flexibility for future issuances under the Master Trust. The Trust is credit enhanced by a 12 percent Cash Collateral Account, a structure pioneered by MBNA.
 This $1 billion transaction brings MBNA's total issuance of credit card asset backed securities since 1986 to more than $10 billion.
 MBNA Corporation, a bank holding company, is the parent of MBNA America Bank, N.A., a national bank with $10.0 billion in managed loans. MBNA, the country's third largest lender through bank credit cards, also provides retail deposit, individual loan, card acceptance, and financial transaction processing services.
 /delval/
 -0- 6/8/93
 /CONTACT: David W. Spartin, executive vice president of investor relations of MBNA, 800-362-6255 or 302-456-8588/
 (KRB)


CO: MBNA Corporation; MBNA America Bank, N.A. ST: Delaware IN: FIN SU:

CC -- PH036 -- 6734 06/08/93 17:18 EDT
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Date:Jun 8, 1993
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