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MATSUSHITA ELECTRIC TO LAUNCH GLOBAL NOTE ISSUE

 MATSUSHITA ELECTRIC TO LAUNCH GLOBAL NOTE ISSUE
 OSAKA, Japan, May 21 /PRNewswire/ -- The board of directors of


Matsushita Electric Industrial Co., Ltd. (NYSE: MC; PSE: MC) today announced an issue of U.S. $1 billion notes in a global offering mainly in the United States and Europe.
 The proceeds will be used to repay part of the debt associated with the acquisition of MCA Inc.
 The notes will be registered with the U.S. Securities and Exchange Commission and the offering is expected to be launched in July subject to registration of the issue with the SEC.
 Application will be made to have the notes listed on the London Stock Exchange.
 Matsushita Electric Industrial Co., Ltd. is Japan's largest manufacturer of consumer electric and electronic products. The company's stock is also listed outside Japan on the Amsterdam, Dusseldorf, Frankfurt and Paris stock exchanges. Its products are marketed around the world under the "Panasonic," "National," "Technics" and "Quasar" brand names.
 -0- 5/21/92
 /CONTACT: Stan Igaki of Panasonic Finance, 212-371-4116/
 (MC) CO: Matsushita Electric Industrial Co., Ltd. ST: IN: CPR SU:


TQ -- NY019 -- 2675 05/21/92 09:25 EDT
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Publication:PR Newswire
Date:May 21, 1992
Words:190
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