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NATIONSBANK TO REDEEM $250 MILLION OUTSTANDING SERIES B STOCK

 NATIONSBANK TO REDEEM $250 MILLION OUTSTANDING SERIES B STOCK
 CHARLOTTE, N.C., Sept. 4 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) said today that it will redeem all $250 million of the outstanding NationsBank Corporation Series B Cumulative Perpetual Convertible Preferred Stock (Series B Stock) on Monday, October 5, 1992.
 Each share of the Series B Stock is convertible into 1.4035 NationsBank Corporation common shares. Assuming all the Series B shares convert, NationsBank will issue approximately 7 million new common shares.
 Based on yesterday's closing price, each share, if converted, would be worth the equivalent of $61.93 of common stock. Shares not converted by the close of business on October 2, 1992, will be redeemed for $50.04, which includes accrued dividends to the redemption date.
 Chemical Bank, 55 Water Street, New York, N.Y., will act as Redemption/Conversion Agent for the Series B Stock.
 NationsBank Corp. is the fourth largest bank holding company in the U.S. with assets of more than $111 billion and banking offices in nine states and the District of Columbia.
 -0- 9/4/92
 /CONTACT: Virginia Mackin, NationsBank Corporation, 704-386-5501/
 (NB) CO: NationsBank Corporation ST: North Carolina IN: FIN SU:


CM -- CH011 -- 7081 09/04/92 16:35 EDT
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Publication:PR Newswire
Date:Sep 4, 1992
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