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NATIONSBANK COMPLETES SALE OF 8.05 MILLION SHARES OF COMMON STOCK

NATIONSBANK COMPLETES SALE OF 8.05 MILLION SHARES OF COMMON STOCK
 CHARLOTTE, N.C., Feb. 28 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) said today it has completed the sale of 8.05 million newly issued shares of its common stock, generating $353 million in new capital.
 As previously announced, the company had agreed to sell 7 million shares, at $45 per share, granting the underwriters the option to buy 1.05 million additional shares to cover over-allotments, and the underwriters exercised this option.
 NationsBank said the proceeds from the sale will be used for general corporate purposes, including working capital needs, possible additional contributions to the capital of its subsidiaries, or possible acquisitions of other financial institutions or their assets, including failed institutions.
 The stock issue was underwritten by a syndicate of investment banking companies represented by Merrill Lynch & Co., The First Boston Corporation, Morgan Stanley & Co. Incorporated and The Robinson-Humphrey Company, Inc.
 NationsBank Corporation is the fourth-largest banking company in the U.S., with more than $100 billion in assets and full service banks in nine states and the District of Columbia.
 -0- 2/28/92
 /CONTACT: Virginia Mackin of NationsBank Corporation, 704-386-5501/
 (NB) CO: NationsBank Corporation ST: North Carolina, Georgia, Texas IN: FIN SU:


CM -- CH006 -- 3688 02/28/92 11:50 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:214
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