NEW YORK - First Union Corp. issued $250 million in 10-year notes last week.

Led by First Union Capital Markets Corp., the notes have a 6.875% coupon and were priced at 99.923 to yield 6.886, or 73.6 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 Ratings Group.

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