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FLEET FINANCIAL GROUP SELLS $250 MILLION 8-1/8 PERCENT SUBORDINATED NOTES DUE 2004

 FLEET FINANCIAL GROUP SELLS $250 MILLION 8-1/8 PERCENT
 SUBORDINATED NOTES DUE 2004
 PROVIDENCE, R.I., June 23 /PRNewswire/ -- Fleet Financial Group (NYSE: FLT) announced today that it has sold $250 million of 8-1/8 percent subordinated notes at a price of 99.133 percent to yield 8.24 percent. The notes will mature on July 1, 2004, 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 $543 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 Salomon Brothers Inc. and Merrill Lynch Capital Markets.
 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- 6/23/92
 /CONTACT: Robert W. Lougee, Jr., vice president-corporate communications, 401-278-5879, or Thomas L. Lavelle, 401-278-3003, or Bruce P. Crooks, 401-278-6241, of Fleet Financial Group/
 (FLT) CO: Fleet Financial Group ST: Rhode Island IN: FIN SU:


CN -- NE011 -- 2978 06/23/92 16:09 EDT
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Publication:PR Newswire
Date:Jun 23, 1992
Words:241
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