Printer Friendly

NATIONSBANK ANNOUNCES AGREEMENT FOR UNDERWRITTEN PUBLIC OFFERING OF $350 MILLION IN 10-YEAR SUBORDINATED NOTES

 NATIONSBANK ANNOUNCES AGREEMENT FOR UNDERWRITTEN PUBLIC OFFERING
 OF $350 MILLION IN 10-YEAR SUBORDINATED NOTES
 CHARLOTTE, N.C., June 15 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) said today it has entered into an agreement for the underwritten public offering of $350 million in 10-year subordinated notes.
 The debt issue is part of a $1 billion shelf registration for corporate debt securities and preferred shares filed earlier this year with the Securities and Exchange Commission.
 The 10-year, non-callable notes have a coupon interest rate of 8.125 percent.
 The notes qualify as Tier 2 capital under the Federal Reserve Board's Capital Guidelines.
 The subordinated note offering is co-managed by Merrill Lynch & Co.; Bear, Stearns & Co. Inc.; and Lehman Brothers. Closing is scheduled for June 22, 1992.
 Proceeds from the debt issue will be used for general corporate purposes, including additions to working capital and possible reduction of outstanding indebtedness.
 NationsBank Corporation is the country's fourth largest bank holding company with more than $113 billion in assets and full-service offices in nine states and the District of Columbia.
 -0- 6/15/92
 /CONTACT: Ellison Clary, NationsBank Corporation, 704-386-8633/
 (NB) CO: NationsBank Corporation ST: North Carolina, Georgia, Texas IN: FIN SU: OFR


CM -- CH007 -- 0277 06/15/92 15:11 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 15, 1992
Words:206
Previous Article:STUDY SAYS AIRLINE PILOTS DIE AT YOUNGER AGE THAN GENERAL POPULATION
Next Article:THE BOSTON FIVE REPORTS MORTGAGE PRODUCTION TOTALS
Topics:


Related Articles
NATIONSBANK $350 MILLION 8.125 PERCENT SUBORDINATED DEBENTURES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
NATIONSBANK CORPORATION ENTERS INTO AGREEMENT FOR PUBLIC OFFERING OF $400 MILLION IN 5-YEAR SENIOR NOTES
NATIONSBANK ANNOUNCES AGREEMENT FOR UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION IN 3-YEAR SENIOR NOTES
NATIONSBANK ENTERS INTO AGREEMENT FOR UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION IN 12-YEAR SUBORDINATED NOTES
NATIONSBANK INCREASES PREVIOUSLY ANNOUNCED NOTE OFFERING BY $50 MILLION
NATIONSBANK ANNOUNCES $300 MILLION DEBT OFFERING
NATIONSBANK ISSUES $300 MILLION IN SUBORDINATED NOTES
NATIONSBANK OFFERS $350 MILLION IN TWENTY-YEAR NOTES
NATIONSBANK OFFERS $450 MILLION IN 30 YEAR NOTES
NATIONSBANK ISSUES $300 MILLION SUBORDINATED NOTE OFFERING

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters