BANK NEW ENGLAND <BKNE> FILES NOTE OFFERING
Bank of New England Corp said it filed
with the Securities and Exchange Commission a registration
statement covering a 200 mln dlr issue of subordinated capital
notes due 1999.
    Proceeds will be used primarily to retire short-term debt,
finance possible acquisitions and fund investments in or
extensions of credit to its subsidiaries, the company said.
    Bank of New England said Morgan Stanley, Keefe Bruyette,
Goldman Sachs and Merrill Lynch will underwrite the issue.
 Reuter
