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FLEET FINANCIAL GROUP SELLS $200 MILLION 5-5/8 PERCENT SENIOR NOTES DUE 1995

 FLEET FINANCIAL GROUP SELLS $200 MILLION 5-5/8 PERCENT
 SENIOR NOTES DUE 1995
 PROVIDENCE, R.I., July 2 /PRNewswire/ -- Fleet Financial Group (NYSE: FLT) announced today that it has sold $200 million of 5-5/8 percent senior notes at a price of 99.652 to yield 8.75 percent. The notes will mature on July 1, 1995, and are not redeemable prior to maturity.
 The notes were issued pursuant to a registration statement filed by Fleet Financial Group with the Securities and Exchange Commission under Rule 415. The registration statement became effective on Feb. 12, 1992. Following the current offering, approximately $343 million of debt securities will remain in registration.
 Fleet said it intends to use the net proceeds for general corporate purposes, principally to fund extensions of credit to or investments in its subsidiaries. The issue was managed by Merrill Lynch Capital Markets, Salomon Brothers Inc. and Shearson Lehman Brothers Inc.
 Fleet Financial Group is a $45 billion diversified financial services company listed on the New York Stock Exchange with approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, investment management and student loan processing.
 -0- 7/2/92
 /CONTACT: Robert W. Lougee, Jr., vice president, corporate communications, 401-278-5879; Thomas L. Lavelle, 401-278-3003; or Bruce P. Crooks, 401-278-6241, for Fleet/
 (FLT) CO: Fleet Financial Group ST: Rhode Island IN: FIN SU:


CN -- NE007 -- 6185 07/02/92 13:07 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
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