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REPUBLIC NEW YORK $100 MILLION SUBORDINATED NOTES RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

REPUBLIC NEW YORK $100 MILLION SUBORDINATED NOTES RATED 'AA-' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 5 /PRNewswire/ -- Republic New York Corp.'s newly issued $100 million of 7.875 percent subordinated notes due Dec. 12, 2001 are rated 'AA-' by Fitch. This marks the second ten-year subordinated debt offering by the corporation during the past 30 days. Compared with the early November offering, which was priced 80 basis points above 10 year U.S. Treasury notes, this new tranche was priced at only 67 basis points over the T-notes, reflecting investor demand for high quality bank paper.
 Republic's asset quality measurements and reserve coverage remain well above its peers. In addition, direct loans represent only 18 percent of total assets, as compared to 65-70 percent for most U.S. banking companies.
 The corporation's risk-adjusted capital ratios are among the strongest of any major U.S. banking company.
 -0- 12/5/91
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (RNB) CO: Republic New York Corp. ST: New York IN: FIN SU: RTG


JT -- NY087 -- 9822 12/05/91 16:28 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:182
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