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ASSOCIATES CORPORATION OF NORTH AMERICA TO SELL $300 MILLION OF 6-5/8 PERCENT SENIOR NOTES

 ASSOCIATES CORPORATION OF NORTH AMERICA TO SELL
 $300 MILLION OF 6-5/8 PERCENT SENIOR NOTES
 DALLAS, Nov. 25 /PRNewswire/ -- Associates Corporation of North America today announced that it agreed to sell $300 million of 6-5/8 percent senior notes due Dec. 1, 1994, priced to the public at 100 percent plus accrued interest from Dec. 1, 1991, through underwriters led by Bear, Stearns & Co. Inc.
 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 added to the general funds of the company and 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 (NYSE: F).
 -0- 11/25/91
 /CONTACT: Dale Knight of Associates Corporation of North America, 214-541-7569/
 (F) CO: Associates Corporation of North America ST: Texas IN: FIN SU:


JT -- NY064 -- 6974 11/25/91 15:37 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 25, 1991
Words:170
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