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NATIONSBANK ENTERS INTO AGREEMENT FOR THE UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION IN SENIOR NOTES

    CHARLOTTE, N.C., Oct. 26 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) today said it has entered into an agreement for the underwritten public offering of $400 million in  senior notes due April 2000.
    The debt issue is a part of a $4 billion shelf registration for corporate debt securities and preferred and common stock previously declared effective by the Securities and Exchange Commission.
    The  non-callable senior notes have a coupon interest rate of 5 3/8 percent.  The offering will be sold through underwriters led by NationsBanc Capital Markets, Inc., and co-managed by Citicorp Securities, Inc., Donaldson Lufkin & Jenrette, Interstate/Johnson Lane Corporation, Merrill Lynch & Co., and Salomon Brothers Inc.  Closing is scheduled for November 2.
    Proceeds from the debt issue will be used for the pending acquisition of certain assets of US West Financial Services Inc. and for general corporate purposes.
    NationsBank Corporation is a financial services company that provides products and services  nationally and internationally to individuals, businesses, corporations, institutional investors and government agencies.  Headquartered in Charlotte, N.C., NationsBank has a retail banking franchise in nine states and the District of Columbia and consumer finance offices in 33 states.  As of October 1, 1993, NationsBank had assets of approximately $156 billion, making it the third largest banking company in the United States.
    -0-             10/26/93
    CONTACT:  Martha Larsh of NationsBank, 214-508-0633
    (NB) CO:  NATIONSBANK IN:  FIN SU:  OFR ST:  NC


-- CH016 -- X274 10/26/93
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Publication:PR Newswire
Date:Oct 26, 1993
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