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NATIONSBANK OF DELAWARE ANNOUNCES UNDERWRITING OF $1.3 BILLION OF CREDIT CARD SECURITIES

 Dec. 9 /PRNewswire/ -- NationsBank of Delaware, N.A., today said it has entered into an agreement for the underwritten public offering of $1.3 billion of credit card securities.
 The offering is through a trust called NationsBank Credit Card Master Trust and is part of a $2.75 billion shelf registration for credit card securities.
 Details of the offering are as follows:
 -- $750 million Series 1993-1 Class A senior certificates have a coupon of 4 3/4 percent and an expected maturity of Dec. 16, 1996.
 -- $47.873 million Series 1993-1 Class B subordinated certificates have a coupon of 4 7/8 percent and an expected maturity of Jan. 15, 1997.
 -- $500 million Series 1993-2 Class A senior certificates have a coupon of 6 percent and an expected maturity of Dec. 15, 2003.
 -- $31.915 million Series 1993-2 Class B subordinated certificates have a coupon of 6 1/4 percent and an expected maturity of Jan. 15, 2004.
 The senior certificates are rated Triple-A by Moody's Investors Service and Standard and Poor's Corporation. The subordinated certificates are rated Single A-2 by Moody's and Single-A by S&P.
 The offering will be sold through underwriters led by NationsBanc Capital Markets, Inc., and co-managed by Bear, Stearns & Co. Inc., CS First Boston, Lehman Brothers, Merrill Lynch & Co., Morgan Stanley & Co. Inc., and UBS Securities Inc. Closing is scheduled for Dec. 16, 1993.
 NationsBank of Delaware, N.A., is a subsidiary of NationsBank Corporation (NYSE: NB). As of Oct. 1, 1993, NationsBank had assets of approximately $156 billion, making it the third largest banking company in the United States.
 -0- 12/9/93
 /CONTACT: Ellison Clary of NationsBank, 704-386-8633/
 (NB)


CO: NationsBank Corporation ST: Delaware IN: FIN SU: OFR

MM -- CH008 -- 2339 12/09/93 16:15 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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