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CITICORP COMPLETES IPO OF STUDENT LOAN CORPORATION

 NEW YORK, Dec. 23 /PRNewswire/ -- Citibank (NYSE: CCI) announced today the completion of the initial public offering of 4 million shares of The Student Loan Corporation (NYSE: STU) common stock priced at $16.75. The sale, which includes 400,000 shares from the exercise of an over-allotment, represents 20 percent of the Student Loan Corporation's total shares.
 The Student Loan Corporation is listed on the New York Stock Exchange under the symbol STU and is a subsidiary of Citibank (New York State).
 The issue was underwritten by a group led by Smith Barney, Harris Upham & Co. Incorporated and The First Boston Corporation.
 -0- 12/23/92
 /CONTACT: Robin Plotkin, 212-559-3896, or Maria Rullo, 212-559-0409, or (investors), Frederick A. Roesch, 212-559-2715, Richard Goldman, 212-559-2717, or Deborah Russell, 212-559-4658, all of Citibank/
 (CCI STU)


CO: Citibank; Student Loan Corporation ST: New York IN: FIN SU: OFR

WB -- NY023 -- 9533 12/23/92 11:35 EST
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Publication:PR Newswire
Date:Dec 23, 1992
Words:153
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