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BANC ONE ANNOUNCES THE SALE OF $350 MILLION OF NOTES

 BANC ONE ANNOUNCES THE SALE OF $350 MILLION OF NOTES
 COLUMBUS, Ohio, Aug. 6 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) announced today that it has completed the sale of $350 million of subordinated notes through an underwriting group headed by The First Boston Corporation and also including J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated.
 The notes, which carry a 7.25 percent coupon, will mature on Aug. 1, 2002, and are not callable during the 10 year life. The issue was priced to the public at 99.209 to yield 7.36 percent. The notes are rated A2 by Moody's Investors Service and A+ by Standard and Poor's. Settlement will be Aug. 6, 1992, with interest accruing from Aug. 1, 1992.
 The net proceeds of the offering will be used to retire existing indebtedness.
 Banc One Corporation had assets of $48.4 billion as of June 30, 1992, and total equity of $4.3 billion. Banc One operates 56 banks with 862 offices in Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 8/6/92
 /CONTACT: George R. L. Meiling, 614-248-5908, or John A. Russell, 614-248-5989, both of Banc One Corporation/
 (ONE) CO: Banc One Corporation ST: Ohio IN: FIN SU:


BM -- CL017 -- 7571 08/06/92 11:43 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
Words:243
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