FIRST TENNESSEE <FTEN> SELLS 12-YEAR NOTES
First Tennessee National Corp is
offering 75 mln dlrs of subordinated capital notes due 1999
yielding 10.43 pct, said lead manager Goldman, Sachs and Co.
    The notes have a 10-3/8 pct coupon and were priced at 99.65
to yield 175 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the debt is rated Baa-2 by
Moody's and BBB-plus by Standard and Poor's. The gross spread
is seven dlrs, the selling concession is four dlrs and the
reallowance is 2.50 dlrs. Salomon Brothers co-managed the deal.
 Reuter
