EXHIBIT 99.1
Published on April 22, 1997
NATIONSBANK ISSUES $500 MILLION OF CAPITAL SECURITIES
FOR IMMEDIATE RELEASE
April 15, 1997 - NationsBank Corporation announced an agreement today for the
underwritten public offering of $500 million in capital securities.
The issue completes a shelf registration for preferred securities previously
declared effective by the Securities and Exchange Commission. The annual
distribution rate of 8.25 percent will be paid semiannually on April 15 and
October 15 of each year. The offering will be sold through underwriters led by
NationsBanc Capital Markets, Inc., Bear, Stearns & Co. Inc., Lehman Brothers,
Merrill Lynch & Co. and Morgan Stanley & Co. Inc. Closing is scheduled for
April 22.
Proceeds from the transaction will be used for general corporate purposes.
NationsBank has primary retail and commercial banking operations in 16
states and the District of Columbia. At March 31, 1997, the banking company
had total assets of $239 billion.
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