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BASS PLC SUBSIDIARY OFFERS $350 MILLION OF 8-1/8 PERCENT GUARANTEED NOTES DUE 2002

        BASS PLC SUBSIDIARY OFFERS $350 MILLION OF 8-1/8 PERCENT
                       GUARANTEED NOTES DUE 2002
    NEW YORK, Feb. 26 /PRNewswire/ -- Bass PLC announces today that its wholly-owned subsidiary, Bass America, Inc., made a public offering of $350 million of 8-1/8 percent guaranteed notes due March 31, 2002, through an under writing group led by Morgan Stanley & Co. Incorporated and including Goldman, Sachs & Co. and J.P. Morgan Securities Inc.  The notes are guaranteed as to payment of principal and interest by Bass PLC.  They have been rated "A1" by Moody's and "A+" by Standard & Poor's.  The notes are priced at 99.875 to yield 8.142 percent and are redeemable only in the event of certain tax law changes.  The notes are not otherwise redeemable prior to maturity.
    The net proceeds from the sale of the notes will be used to repay certain U.S. dollar-denominated borrowings of Bass PLC and its subsidiaries and for general corporate purposes.
    Bass PLC is a U.K.-based company with businesses involved in the production and distribution of drinks, primarily beer and soft drinks; the ownership, management, leasing and franchising of pubs (public houses), hotels, restaurants and off-license liquor shops; the operation of bingo clubs, betting shops, and entertainment centers; and the manufacture, supply and operation of amusement and gaming machines.  The Bass Group is the leading brewer in the United Kingdom; owns one of the largest estates of pubs and other on-licensed properties in the United Kingdom; owns the Holiday Inn brand, the largest hotel brand in the world by number of rooms; owns the second largest chain of bingo clubs in the United Kingdom; and manages and partly owns Britvic Soft Drinks, the second largest soft drinks manufacturer in the United Kingdom.  As of Sept. 30, 1991, Bass PLC was the 26th largest public limited company in the United Kingdom on the basis of market capitalization, with total sales of 4,383 million pounds sterling ($7,670 million) and operating income of 622 million pounds ($1,089 million).
    -0-         2/26/92
    /CONTACT:  Philip Bowman of Bass America, 404-551-3500/
    (BAS) CO:  Bass PLC; Bass America Inc. ST:  Georgia IN:  FOD SU:  OFR SH -- NY038 -- 2752 02/26/92 11:13 EST
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Publication:PR Newswire
Date:Feb 26, 1992
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