MARINE MIDLAND <MM> SELLS CAPITAL NOTES
Marine Midland Banks Inc is offering
125 mln dlrs of subordinated capital notes due 1997 yielding
8.66 pct, said lead manager First Boston Corp.
    The notes have an 8-5/8 pct coupon and were priced at 99.80
to yield 145 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the issue is rated A-3 by Moody's
and A by Standard and Poor's. Merrill Lynch and Salomon
Brothers co-managed the deal.
 Reuter
