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AMEX LISTS BANKERS TRUST NEW YORK CORPORATION CONVERTIBLE CAPITAL SECURITIES; $150 MILLION OF SECURITIES ISSUED

 /NOTE TO EDITORS: Please note the following release contains additional information (new last sentence at end of second paragraph) not included in the June 10 release (NY032)/
 NEW YORK, June 11 /PRNewswire/ -- The American Stock Exchange today began trading Bankers Trust New York Corporation 7-5/8 percent convertible capital securities. Trading under ticker symbol "BND," the securities expire on June 1, 2033, and may not be redeemed prior to June 1, 1998.
 Bankers Trust New York Corporation has the option of reducing the interest paid on the securities from 7-5/8 percent to 6-1/8 percent any time during the life of the security, and must allow for 60 - 90 days' notice to be given to the security holders. Backed by the corporation, the interest-bearing securities can be converted into depositary shares of the company's cumulative preferred stock upon election by the company to reset interest rates to 6-1/8 percent. At that time, investors can convert the capital securities into depositary shares of the company's cumulative preferred stock paying 7-5/8 percent if the company elects to reset the securities' rate to 6-1/8 percent.
 At the start of today's trading, BND opened at $24 on an initial trade of 3,000.
 Bankers Trust New York Corporation issued $150 million of the capital securities in denominations of $25. The securities are jointly underwritten by Lehman Brothers; Goldman, Sachs & Co.; Kidder, Peabody & Co. Incorporated; Merrill Lynch & Co.; PaineWebber Incorporated; Prudential Securities Incorporated; and Smith Barney, Harris Upham & Co. Incorporated.
 Bankers Trust Corporation's banking subsidiary, Bankers Trust Company, is among the largest commercial banks in New York City and the United States, based on total assets.
 A leader in the derivative securities arena, the American Stock Exchange was the first U.S. marketplace to trade single and multiple currency warrants based on the value of the U.S. dollar in relation to the Japanese yen, German mark and British pound.
 The Amex also trades warrants based on France's CAC-40 Index and the Financial Times-Stock Exchange (FT-SE) Eurotrack 200 Index. In addition, the Exchange pioneered the development of Standard & Poor's Depositary Receipts(TM), SPDRs(TM) (pronounced SPIDERS); and also trades Contingent Value Rights (CVRs); and Salomon Phibro Oil Trusts.
 -0- 6/11/93
 /CONTACT: Kathleen Fitzpatrick, manager - derivative securities communications of the AMEX, 212-306-1697/
 (BND)


CO: Bankers Trust New York Corporation ST: New York IN: FIN SU:

GK -- NY046 -- 1098 06/11/93 13:33 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 11, 1993
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