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SEARS SETS TERMS FOR SECURITIZATION

 CHICAGO, Aug. 2 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) today announced its subsidiary, Sears Receivables Financing Group, Inc., is selling $783.5 million of fixed-rate certificates, backed by SearsCharge credit card receivables, through its Sears Credit Account Master Trust II, with proceeds from the certificates used to replace existing financing.
 An issue of $750 million Class A certificates with an average life of approximately five years will yield 7.14 percent. It is anticipated that the Class A certificates will be rated "AAA" by Moody's Investors Service Inc., Standard & Poor's Corp., Fitch Investors Service Inc., and Duff & Phelps.
 An issue of $33.5 million Class B certificates with an average life of approximately six years will yield 7.40 percent. It is anticipated that the Class B certificates will be rated "A1" by Moody's, "A" by S&P, and "AA" by Fitch and Duff & Phelps.
 Sears said CS First Boston, Dean Witter Reynolds Inc., Goldman, Sachs & Co., and Salomon Brothers Inc are underwriting the issues. A copy of the prospectus may be obtained from: CS First Boston, 55 East 52nd St., New York, N.Y. 10055; Dean Witter Reynolds, 2 World Trade Center, New York, N.Y. 10048; Goldman, Sachs & Co., Prospectus Department, 85 Broad St., New York, N.Y. 10004; or Salomon Brothers Inc, Prospectus Department, 140 58th St., Brooklyn, N.Y. 11220.
 -0- 8/2/94
 /CONTACT: Perry D. Chlan of Sears, Roebuck and Co., 312-875-7079/
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CO: Sears, Roebuck and Co. ST: Illinois IN: REA SU: OFR

DW -- NY074 -- 2509 08/02/94 13:39 EDT
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Publication:PR Newswire
Date:Aug 2, 1994
Words:260
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