Fleet sells $200M in notes to yield 7.299%.

PROVIDENCE, R.I. -- Fleet Financial Group said4t has sold $200 million of 7.25%: senior notes at 99.80 to yield 7.299%. The notes will mature on Sept. 1, 1999, and are not.redeemable before then. Fleet said that it intends to use the net proceeds for general corporate purposes, including the previously announced repurchase of its stock in connection with the acquisition of NBB Bancorp.

The issue was comanaged by Merrill Lynch & Co., CS First Boston, Goldman, Sachs & Co., Solomon Brothers Inc.

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