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SEARS UNIT OFFERS CERTIFICATES

 SEARS UNIT OFFERS CERTIFICATES
 CHICAGO, April 21 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S)


and the Dean Witter Financial Services Group announced that Sears indirect wholly owned subsidiary, SCFC Receivables Financing Corp., today offered for sale $184.4 million of SCFC Boat Loan Trust 1992-1 7.05 percent Boat Loan Pass-Through Certificates through an underwriting syndicate managed by Dean Witter Reynolds Inc. and Salomon Brothers Inc. Principal and interest payments to certificateholders will commence in May 1992. The securities were priced at 99.486 percent of par plus accrued interest from April 1, resulting in a yield of 7.25 percent.
 The principal asset of SCFC Boat Loan Trust 1992-1 will consist of boat loan receivables generated through Sears Consumer Financial Corporation. The certificates will represent undivided ownership interests in the trust. The certificates will be rated Aaa by Moody's and AAA by Standard & Poor's.
 A copy of the prospectus may be obtained from Dean Witter Reynolds Inc., Two World Trade Center, New York, N.Y., 10048 or Salomon Brothers Inc, Prospectus Department, 140 58th Street, Brooklyn, N.Y., 11220.
 -0- 4/21/92
 /CONTACT: Gerald E. Buldak, national manager, external communications of Sears, Roebuck and Co., 312-875-8371/
 (S) CO: SCFC Receivables Financing Corp.; Sears, Roebuck and Co. ST: Illinois IN: FIN SU: OFR


PS -- NY110 -- 0935 04/21/92 17:46 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:223
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