In Brief: Fleet Mortgage Files For $500M of Debt

WASHINGTON - with the Securities and Exchange Commission for up to $500 million in debt securities and purchase warrants. Net proceeds will be used for general corporate purposes, mainly to extend credit to, or fund investments in, its subsidiaries, the Fleet Financial Group unit said. Salomon Brothers Inc., CS First Boston, Merrill Lynch & Co., and J.P. Morgan Securities Inc. are leading the offering.

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