Printer Friendly

FIRST CHICAGO PRICES $1 BILLION CERTIFICATE OFFERING

 FIRST CHICAGO PRICES $1 BILLION CERTIFICATE OFFERING
 CHICAGO, July 21 /PRNewswire/ -- FCC National Bank, a wholly owned


subsidiary of First Chicago Corp. (NYSE: FNB), announced the public offering of $1 billion of certificates backed by credit card receivables through a management group of First Chicago Capital Markets Inc., The First Boston Corporation and Salomon Brothers Inc.
 The certificates represent an undivided interest in the assets of the First Chicago Master Trust II and constitute the fifth offering from this Master Trust.
 The certificates are priced at 99.671875 percent, plus accrued interest from Aug. 1, 1992, with the coupon set at 6.25 percent to yield 6.352 percent.
 Net proceeds of approximately $993 million from the sale of the certificates, exclusive of accrued interest, will be paid to FCC National Bank. The bank intends to use the proceeds for general corporate purposes.
 -0- 7/21/92
 /CONTACT: Lisabeth Weiner, 312-732-4455, for FCC National Bank/
 (FNB) CO: FCC National Bank; First Chicago Corp. ST: Illinois IN: FIN SU: OFR


PS -- NY107 -- 1524 07/21/92 16:39 EDT
COPYRIGHT 1992 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 21, 1992
Words:178
Previous Article:TITAN AWARDED MEDICAL STERILIZATION CONTRACTS
Next Article:FLORIDA REGIONAL STOCK REPORT FOR TUESDAY, JULY 21
Topics:


Related Articles
MBNA AMERICA BANK, N.A. SECURITIZES $1 BILLION OF CREDIT CARD RECEIVABLES
MBNA AMERICA BANK, N.A. SECURITIZES $1 BILLION OF CREDIT CARD RECEIVABLES
MBNA AMERICA BANK, N.A. SECURITIZES $2 BILLION OF CREDIT CARD RECEIVABLES IN TWO TRANSACTIONS
MBNA AMERICA BANK, N.A. SECURITIZES $1.0 BILLION OF CREDIT CARD RECEIVABLES
MBNA America Bank, N.A. Securitizes $1.2 Billion of Credit Card Receivables
MBNA America Bank, N.A. Securitizes $1 Billion Of Credit Card Receivables
First Chicago NBD Prices $900 Million of Certificates
MBNA America Bank, N.A. Securitizes $1.0 Billion of Credit Card Receivables
First Chicago NBD Prices $1.1 Billion of Two Series of Certificates
MBNA America Bank, N.A. Securitizes $1.0 Billion of Credit Card Receivables

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters