INTER-REGIONAL <IFG> UNIT TO REDEEM NOTES
Inter-Regional Financial Group Inc
said IFG Leasing Co, a discontinued subsidiary, will redeem,
effective August One, the 4.0 mln dlr outstanding balance of
its 11-1/2 pct subordinated notes due Aug 1, 1988.
    It said it also will redeem, effective September One, the
3.5 mln dlr outstanding balance of its 13 pct junior
subordinated notes due Sept 1, 1990.
    The company said it expects to redeem the final 4.2 mln
dlrs of its subordinated debt by the end of September.
    Separately, Inter-Regional Financial said it completed an
agreement with a group of banks for a new two-year 30 mln dlr
revolving credit facility.
    It said the agreement replaces its current 18 mln dlr
revolving credit agreement.
 Reuter
