FIRST INTERSTATE <I> SELLS CAPITAL NOTES
First Interstate Bancorp is offering
200 mln dlrs of subordinated capital notes due 1999 with an
8-5/8 pct coupon and par pricing, said lead manager Goldman,
Sachs and Co.
    That is 140 basis points more than the yield of comparable
Treasury securities.
    Non-callable to maturity, the issue is rated A-1 by Moody's
Investors Service Inc and A-plus by Standard and Poor's Corp.
First Boston, Salomon Brothers and Shearson Lehman co-managed
the deal.
 Reuter
