BANKAMERICA CORP/DE/
8-K, 1998-12-16
NATIONAL COMMERCIAL BANKS
Previous: TENET HEALTHCARE CORP, 10-Q/A, 1998-12-16
Next: NEW ENGLAND ELECTRIC SYSTEM, 8-K, 1998-12-16



  As filed with the Securities and Exchange Commission on December 16, 1998


               SECURITIES AND EXCHANGE COMMISSION
                                
                     WASHINGTON, D.C. 20549
                                
               _________________________________
                                
                            FORM 8-K
                                
                                
                         CURRENT REPORT
             PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934
                                
                                
       Date of Report (Date of earliest event reported):
                       December 16, 1998
                                
                    BANKAMERICA CORPORATION
     (Exact name of registrant as specified in its charter)
                                
                            Delaware
 (State or other jurisdiction of incorporation or organization)
                                
                             1-6523
                    (Commission File Number)
                                
                           56-0906609
               (IRS Employer Identification No.)              
                                
                     101 North Tryon Street
                   Charlotte, North Carolina
            (Address of principal executive offices)
                                
                             28255
                           (Zip Code)
                                
                         (704) 386-5000
      (Registrant's telephone number, including area code)
                                


ITEM 5.  OTHER EVENTS.

    On December 16, 1998, the Registrant completed a (pound symbol) 250
million Eurobond offering of 6.125% Senior Notes, due 2010 (the
"Notes").  The Notes were sold only in Europe and Asia to non-U.S. 
investors.  The Notes mature in 12 years and have a coupon
interest rate of 6.125%.  The press release announcing the
completion of this offering is attached as an exhibit to this
Current Report on Form 8-K.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

    (c)  Exhibits.
         
         The following exhibits are filed herewith:


           EXHIBIT NO.            DESCRIPTION OF EXHIBIT


         99.1      Press Release dated December 16, 1998 with
                   respect to the completion of the Registrant's
                   offering of 6.125% Senior Notes, due 2010.



                            SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                             BANKAMERICA CORPORATION


                             By:  /s/ CHARLES M. BERGER
                                  Charles M. Berger
                                  Associate General Counsel





Dated: December 16, 1998


                                   BankAmerica
                                             [LOGO]


NEWS RELEASE


Contact: Richard Beebe
1-415-953-2760


       BANKAMERICA COMPLETES STERLING EUROBOND OFFERING

London, December 16, 1998 -- BankAmerica Corporation announced
today that it has completed its previously announced Sterling
eurobond offering of (pound symbol) 250 million (U.S. $412 million equivalent)
in fixed-rate notes distributed primarily in the United Kingdom.

The twelve-year notes have a coupon of 6.125 per cent per annum,
payable annually.  The notes mature on 16 December 2010.

Joint lead managers of the offering were The Royal Bank of
Scotland plc and Bank of America International Limited.

The issue was not registered with the Securities and Exchange
Commission and was offered exclusively to investors outside the
United States.  Proceeds from the issue will be used for general
corporate purposes.

BankAmerica Corporation (doing business as Bank of America), with
assets of $595 billion, is the largest bank holding company in
the United States.

                      www.bankamerica.com
                      www.nationsbank.com




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission