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NATIONSBANK ENTERS INTO AGREEMENT FOR UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION IN 12-YEAR SUBORDINATED NOTES

 CHARLOTTE, N.C., Feb. 23 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) today said it has entered into an agreement for the underwritten public offering of $400 million in 12-year subordinated notes.
 The debt issue is part of a $2.5 billion shelf registration for corporate debt securities and preferred shares declared effective by the Securities and Exchange Commission in December 1992.
 The 12-year, non-callable notes have a coupon interest rate of 6 7/8 percent. The notes qualify as Tier 2 capital under the Federal Reserve Board's Capital Guidelines.
 The subordinated note offering is co-managed by Merrill Lynch & Co., J.P. Morgan Securities, Inc. and Salomon Brothers Inc. Closing is scheduled for March 2, 1993.
 Proceeds from the debt issue will be used for general corporate purposes, including additions to working capital, additional contributions to the capital of NationsBank subsidiaries and the possible acquisition of other financial institutions or their assets.
 NationsBank Corporation is the fourth-largest banking company in the United States with $118 billion in assets and full-service offices in nine states and the District of Columbia.
 -0- 2/23/93
 /CONTACT: (Media) Tim Lubinsky of NationsBank, 704-386-4340/
 (NB)


CO: NationsBank Corporation ST: North Carolina IN: FIN SU: OFR

CM -- CH009 -- 9413 02/23/93 12:25 EST
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Publication:PR Newswire
Date:Feb 23, 1993
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