NEW YORK - Comerica Inc. issued $150 million in subordinated notes due Aug. 1, 2007, said lead manager Lehman Brothers.

The notes have a 7.25% coupon and were priced at 99.721 to yield 7.285%, or 87 basis points over comparable U.S. Treasuries.

The noncallable notes are rated A3 by Moody's Investors Service and A- minus by Standard & Poor's Corp.

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