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NATIONSBANK FILES REGISTRATION STATEMENT FOR SALE OF 7 MILLION NEWLY ISSUED SHARES OF COMMON STOCK

 NATIONSBANK FILES REGISTRATION STATEMENT
 FOR SALE OF 7 MILLION NEWLY ISSUED SHARES OF COMMON STOCK
 CHARLOTTE, N.C., Feb. 4 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) said today it has filed a registration statement with the Securities and Exchange Commission for the sale of 7 million newly issued shares of its common stock.
 Of that total, 6 million shares will be offered to investors in the United States and 1 million shares will be offered in Europe.
 The investment banking companies that will co-manage the issue and lead the syndicate consist of Merrill Lynch & Co., The First Boston Corporation, Morgan Stanley & Co. Incorporated and The Robinson-Humphrey Company, Inc.
 NationsBank has granted the underwriters an option to purchase up to an additional 1.050 million shares of newly issued common stock to cover over-allotments, if needed.
 NationsBank said proceeds from the sale will be used for general corporate purposes and possible additional capital contributions to its subsidiaries.
 NationsBank expects the shares to be sold within approximately 30 days at a price to be determined by NationsBank and the underwriters immediately prior to such sale.
 The registration statement has not become effective and the shares may not be sold prior to the time the registration statement becomes effective.
 NationsBank Corporation is the fourth-largest bank holding company in the United States with approximately $110 billion in assets and full-service banking offices in nine states and the District of Columbia.
 -0- 2/4/92
 /CONTACT: Dick Stilley, NationsBank Corporation, 704-386-8135/
 (NB) CO: NationsBank Corporation ST: North Carolina, Georgia, Texas IN: FIN SU: OFR


CM -- CH010 -- 6842 02/04/92 15:58 EST
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Publication:PR Newswire
Date:Feb 4, 1992
Words:267
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