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BANC ONE FILES SHELF REGISTRATION FOR $700 MILLION SUBORDINATED DEBT

 BANC ONE FILES SHELF REGISTRATION FOR
 $700 MILLION SUBORDINATED DEBT
 COLUMBUS, Ohio, July 16 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) announced today that the company has filed a shelf registration statement with the Securities and Exchange Commission for $700 million in subordinated debt securities.
 The First Boston Corporation, J. P. Morgan Securities, Inc. and Morgan Stanley & Co. Incorporated have been named in the registration statement as possible underwriters.
 After the registration statement becomes effective, Banc One Corporation may offer debt securities from time to time in varying series, amounts and terms, up to the maximum of $700 million. Terms would be set at the time of offerings and would be determined in light of market conditions and other factors. The net proceeds of any such offering will be used to retire existing indebtedness and for other general corporate purposes.
 Banc One Corporation 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- 7/16/92
 /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 -- CL007 -- 9685 07/16/92 11:44 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
Words:225
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