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NATIONSBANK CORPORATION ENTERS INTO AGREEMENT FOR PUBLIC OFFERING OF $400 MILLION IN 5-YEAR SENIOR NOTES

 CHARLOTTE, Jan. 6 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) today said it has entered into an agreement for the underwritten public offering of $400 million in 5-year senior notes.
 The debt issue is part of a $2.5 billion shelf registration for corporate debt securities and preferred stock filed earlier this year with the Securities and Exchange Commission.
 The 5-year, noncallable notes have a coupon interest rate of 6.625 percent.
 The senior note offering is co-managed by Merrill Lynch & Co., The First Boston Corporation, Interstate/Johnson Lane Corporation, and Morgan Stanley & Co. Incorporated. Closing is scheduled for Jan. 13, 1993.
 Proceeds from the debt issue will be used in connection with the pending acquisition of a substantial portion of the assets of Chrysler First, Inc.
 NationsBank Corporation is the fourth-largest banking company in the United States with $118 billion in assets and full-service offices in nine states and the District of Columbia.
 -0- 1/6/93
 /CONTACT: Tim Lubinsky 704-386-4340, or Martha Larsh 214-508-0633, both of NationsBank Corporation/
 (NB)


CO: NationsBank Corporation ST: North Carolina IN: FIN SU: OFR

DF -- CH010 -- 2424 01/06/93 18:02 EST
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Publication:PR Newswire
Date:Jan 6, 1993
Words:188
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