FOR IMMEDIATE RELEASE
OCT. 17, 1995 -- NationsBank Corporation today entered into an
agreement for the underwritten public offering of $450 million in
subordinated notes due October 2025.
The debt issue is a part of a shelf registration for corporate
debt securities and preferred and common stock previously
declared effective by the Securities and Exchange Commission.
The 30-year non-callable subordinated notes have a coupon
interest rate of 7 1/4 percent. The notes qualify as Tier 2
capital under the Federal Reserve Board's capital guidelines.
The offering will be sold through underwriters led by NationsBanc
Capital Markets, Inc., Bear, Xxxxxxx & Co. Inc., Xxxxxx Xxxxxxxx,
Xxxxxxx Xxxxx & Co. and Xxxxxx Xxxxxxx & Co. Inc. Closing is
scheduled for Oct. 23.
Proceeds from the debt issue will be used for general corporate
purposes, including the corporation's working capital needs,
additional investments in capital securities of the corporation's
banking subsidiaries and previously announced acquisitions.
NationsBank Corporation is the fourth-largest U.S. banking
company, with total assets of $182 billion at the end of the
third quarter. It operates full-service banking centers in nine
states and the District of Columbia.
Media contact: Xxxxxx Xxxxx (000) 000-0000
