NEW YORK - A $150 million issue of Banc One Arizona subordinated notes, due Sept. 15, 2005, was priced on Thursday.

The 6% notes were priced at 99.148 to yield 6.10%. The noncallable notes were priced at a spread of 73 basis points above Treasuries.

Rated A1 by Moody's Investors Service Inc. and AA-minus by Standard & Poor's Corp., the issue will be sold through underwriters led by CS First Boston.

Banc One Arizona is a unit of Banc One Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.