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FIRST UNION CORPORATION ANNOUNCES $250 MILLION DEBT OFFERING

 FIRST UNION CORPORATION ANNOUNCES $250 MILLION DEBT OFFERING
 CHARLOTTE, N.C., June 17 /PRNewswire/ -- First Union Corporation (NYSE: FTU FTUpr) today announced a public offering of $250 million in 10-year subordinated debt with a 8.125 percent coupon at a price of 99.871 percent. First Union will use the net proceeds from the sale of the debt issue for general corporate purposes.
 The offering is scheduled to close on June 24, 1992. The underwriters for the offering are The First Boston Corporation, BT Securities Corporation and Goldman, Sachs & Co.
 First Union Corporation is the nation's 12th largest bank holding company, based on assets of $48.1 billion as of March 31, 1992, and operates 1,018 banking offices in Florida, North Carolina, South Carolina, Georgia and one banking office in Tennessee, and 207 nonbanking offices in 36 states.
 -0- 6/17/92
 /CONTACT: R. Jeep Bryant, Vice President, Corporate Communications, First Union Corporation, 704-374-2957, or 704-335-0415 (home)/
 (FTU) CO: First Union Corporation ST: North Carolina IN: FIN SU: OFR


DF -- CH012 -- 1221 06/17/92 16:41 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:179
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