John E. Mack had held back the launch of a 20-year debt issue for about three weeks, waiting for the right strategic moment.

The NationsBank treasurer wanted to be sure the deal was well sold and reasonably priced.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.