Low interest rates, tight spreads, and funding needs have prompted a spate of debt issuance by banks and investment banks.

BankAmerica Corp. came to market early last week with $250 million in five-year senior notes and added $250 million of 10-year notes on Monday; Bankers Trust New York Corp. followed with $150 million of 12-year subordinated notes; Citicorp issued a total of $65 million in 10-year and 15-year notes; and Salomon Brothers Inc. issued $250 million of five-year senior notes.

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