FIRST UNION <FUNC> SELLS DEBT AT 8-1/8 PCT
First Union Corp said it is
raising 100 mln dlrs through an offering of par-priced 8-1/8
pct subordinated notes due December 15, 1996.
    Managing underwriter for the issue is Shearson Lehman
Brothers Inc.
    The bonds, which are non-callable, are rated A-2 by Moody's
Investors Service and A-minus by Standard and Poor's.
    They were priced to yield 94.5 basis points over Treasury
securities of comparable maturity.
 Reuter
