In Brief: Advanta National Prices $150M of Bank Notes

NEW YORK - A $150 million issue of Advanta National Bank bank notes, due Oct. 30, 2000, was priced at 99.874 to yield 6.48%, according to MCM CorporateWatch.

The noncallable issue by the unit of Advanta Corp. was priced at a spread of 70 basis points above Treasuries.

Rated Baa3 by Moody's Investors Service Inc. and triple-B by Standard & Poor's, the issue will be sold through underwriters led by Merrill Lynch & Co.

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