NEW YORK -- A $ 250 million issue of Republic New York Corp. subordinated notes, due Oct. 15, 2008, was priced, to yield 5.92 %, according to MCM CorporateWatch.
The noncallable notes were priced at a spread of 70 basis points above Treasuries.
Rated Al by Moody's Investors Service Inc. andAA-minus by Standard & Poor's Corp., the issue will be sold through underwriters led by Salomon Brothers Inc.