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SBIC FUNDING ANNOUNCES NEW OFFERINGS

 SBIC FUNDING ANNOUNCES NEW OFFERINGS
 NEW YORK, June 18 /PRNewswire/ -- SBIC Funding Corporation, as


fiscal agent, announced today two proposed offerings by the Small Business Administration of $19,390,000 U.S. Small Business Administration guaranteed 8 percent participation certificates, Series SBIC 1992-10 B, due June 10, 2002, and $6 million U.S. Small Business Administration guaranteed 6.95 percent participation certificates, Series SBIC 1992-5 A, due June 10, 1997.
 Goldman, Sachs & Co. is the lead manager for the offerings. Chemical Securities Inc. and The First Boston Corporation are co- managers. The Series SBIC 1992-10 B certificates will represent fractional undivided interests in a pool of 10-year SBA-guaranteed debentures issued by Small Business Investment Companies (SBICs) and Specialized Small Business Investment Companies (SSBICs). The Series SBIC 1992-5 A certificates will represent fractional undivided interests in a pool of five-year SBA-guaranteed debentures issued by SBICs. SBICs use the proceeds of these debentures to make loans to, and investments in, small businesses. SSBICs invest in concerns owned by socially or economically disadvantaged persons.
 This is the 22nd offering of SBA-guaranteed SBIC 10-year participation certificates and the first offering of SBA-guaranteed SBIC five-year participation certificates. Previous borrowings under this program, $38,770,000 of three-year SBA-guaranteed SBIC participation certificates and $512,855,000 of 10-year SBA-guaranteed SBIC participation certificates, total $551,625,000.
 These new offerings were priced today. They will settle Wednesday, June 24, 1992.
 -0- 6/18/92
 /CONTACT: Barbara Hynes of Gavin Anderson Doremus, 212-921-1060, for SBIC Funding/ CO: SBIC Funding Corporation ST: New York IN: FIN SU: OFR


CK -- NY042 -- 1514 06/18/92 12:30 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
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