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MBNA CORPORATION ISSUES $150 MILLION OF SENIOR DEBT

 MBNA CORPORATION ISSUES $150 MILLION OF SENIOR DEBT
 NEWARK, Del., Sept. 22 /PRNewswire/ -- MBNA Corporation (NYSE: KRB)


announced today the pricing of $150 million 6.875 percent seven-year Senior Debt.
 The securities were priced at 99.881 to yield 6.897 percent and will mature Oct. 1, 1999. The transaction was lead managed by Merrill Lynch & Co. and co-managed by Bear Stearns & Co., First Boston Corporation and Goldman Sachs & Co. This transaction is the first issuance of debt by MBNA Corporation in the public markets, under the Corporation's $500 million shelf facility.
 MBNA Corporation, a bank holding company, is the parent of MBNA America Bank, N.A., a national bank with $8.9 billion in managed loans to 8 million Customers nationwide. MBNA, the country's third largest lender through bank credit cards, also provides retail deposit, individual loan, card acceptance, and financial transaction processing services. The company is endorsed by 1,700 membership organizations and 950 financial institutions.
 /delval/
 -0- 9/22/92
 /CONTACT: David W. Spartin, senior vice president-investor relations of MBNA, 800-362-6255, or 302-456-8588/ CO: MBNA Corporation; MBNA America Bank, N.A. ST: Delaware IN: FIN SU:


CC -- PH043 -- 2340 09/22/92 16:00 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:198
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