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NATIONSBANK INCREASES PREVIOUSLY ANNOUNCED NOTE OFFERING BY $50 MILLION

 CHARLOTTE, N.C.,Aug. 18 /PRNewswire/ -- As a result of strong market demand, NationsBank Corporation (NYSE: NB) today said it has increased its previously announced 10-year subordinated note offering by $50 million to $600 million.
 The debt issue is part of a $4 billion shelf registration for corporate debt securities and preferred and common stock previously declared effective by the Securities and Exchange Commission.
 The 10-year, non-callable subordinated notes have a coupon interest rate of 6 1/2 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., Lehman Brothers, J.P. Morgan Securities Inc., and Salomon Brothers Inc. Closing is scheduled for August 24, 1993.
 NationsBank previously announced the sale of $400 million in 3-year senior notes at a coupon interest rate of 4 3/4 percent.
 NationsBank Corporation is the fifth-largest banking company in the United States with $124 billion in assets and full-service banking centers in nine states and the District of Columbia.
 -0- 8/18/93
 /CONTACT: Tim Lubinsky of NationsBank, 704-386-4340/
 (NB)


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

CM -- CH002 -- 3799 08/18/93 09:30 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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