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CITICORP RAISES $1.1 BILLION THROUGH PERCS OFFERING

 CITICORP RAISES $1.1 BILLION THROUGH PERCS OFFERING
 NEW YORK, Oct. 22 /PRNewswire/ -- Citicorp announced today that the


net proceeds of its Preferred Equity Redemption Cumulative Stock (PERCS) issue, which closed today, amounted to $1.106 billion.
 The company has issued 76.9 million Depositary Shares, which included 8.9 million shares from the exercise of the over-allotment option, each representing one-twelfth of a share of the PERCS. The Depositary Shares are listed on the New York Stock Exchange.
 Morgan Stanley & Co. Incorporated acted as manager of this offering.
 -0- 10/22/92
 /NOTE TO EDITORS: "Preferred Equity Redemption Cumulative Stock" and "PERCS" are trademarks of Morgan Stanley & Co. Incorporated in connection with its investment banking services.
 /CONTACT: Press contact, John M. Morris, 212-559-4285, Richard J. Howe, 212-559-9425, or Robin Plotkin, 212-559-3896; Investor contact, Frederick A. Roesch, 212-559-2715, Richard A. Goldman, 212-559-2717, or John Eley, 212-559-2479, all of Citicorp/
 (CCI) CO: Citicorp ST: New York IN: FIN SU:


PS -- NY065 -- 3466 10/22/92 10:54 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 22, 1992
Words:167
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