In Brief: NationsBank Launches $1.5B Euronote Program

term Euronote program, the first such program for the bank. The program provides for the sale of notes with maturities of nine months or more from the date of original issue. Notes may be either senior or subordinated, and denominated in a number of different currencies. Notes will be offered exclusively to non-U.S. investors. Proceeds from the sale will be used for general corporate purposes, including working capital needs, funding of the corporation's banking and nonbanking subsidiaries, payment of maturing debt, possible purchase of outstanding equity securities, and other activities.

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