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ASSOCIATES CORPORATION OF NORTH AMERICA ANNOUNCES AGREEMENT TO SELL $300 MILLION 6 PERCENT SENIOR NOTES

 DALLAS, June 14 /PRNewswire/ -- Associates Corporation of North America today announced that it agreed to sell $300 million of 6 percent Senior Notes due June 15, 2000, priced to the public at 99.350 percent to yield 6.116 percent through underwriters led by Merrill Lynch & Co. and co-managed by Bear, Stearns & Co. Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Citicorp Securities Markets, Inc., PaineWebber Incorporated, Prudential Securities Incorporated, and Utendahl Capital Partners, L.P.
 The Notes were registered with the Securities and Exchange Commission under SEC's Rule 415.
 Net proceeds from the sale of the securities will be applied initially to the reduction of commercial paper borrowings.
 Associates Corporation of North America is a consumer and commercial finance company and is part of the Financial Services Group of Ford Motor Company.
 -0- 6/14/93
 /CONTACT: D. Dale Knight of The Associates, 214-541-7569/


CO: Associates Corporation of North America ST: Texas IN: FIN SU: OFR

MG -- NY112 -- 1854 06/14/93 17:53 EDT
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Publication:PR Newswire
Date:Jun 14, 1993
Words:164
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