CHICAGO, Nov. 3 /PRNewswire/ -- FCC National Bank, a wholly owned
subsidiary of BANK ONE CORPORATION (NYSE: ONE), today announced the public
offering of $1 billion of principal amount of floating rate Class A
certificates backed by credit card receivables.
The series of certificates represents an undivided interest in the assets
of First Chicago Master Trust II, and constitutes the twenty-second offering
from Master Trust II.
The Series V Class A certificates, which constitute $1 billion in initial
principal amount, are priced at par and bear interest at a rate equal to 28
basis points over the one-month London Interbank Offered Rate (LIBOR).
The Class A certificates were offered through a management group that
includes Morgan Stanley Dean Witter, Credit Suisse First Boston and First
Chicago Capital Markets, Inc.
The net proceeds from the Class A certificates will be paid to FCC
National Bank, which intends to use the proceeds for general corporate
purposes.
BANK ONE CORPORATION is the nation's 5th largest bank holding company,
with assets of over $235 billion.
SOURCE BANK ONE CORPORATION
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Related links:
http://www.bankone.com
Company News On-Call:
http://www.prnewswire.com/comp/084675.html or fax,
800-758-5804, ext. 084675
CONTACT:
Thomas A. Kelly of BANK ONE, 312-732-7007
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