Amadeusz Juskowiak

corrected banponce bdep places notes

BanPonce Corp said it privately placed 30 mln dlrs of its 825 pct senior notes due 1992 through Lincoln National Investment Management Co New York Life Insurance Co and Dillon Read and Co Inc

It said proceeds will be used to increase working capital for general corporate purposes and for possible future acquisitions

Corrects dollar figure of notes placed in item appearing Feb 25

Reuter