In Brief: Bankers Trust Floats $150M of 10-Year Debt

NEW YORK - Bankers Trust New York Corp. issued $150 million of 10- year subordinated notes.

The issue was priced at par to yield 8.25%, 120 basis points more than for comparable 10-year Treasury securities. The notes will be used for general corporate purposes.

Smith Barney Inc. led the underwriting.

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