Great Western Bank, a unit of GreatWestern Financial Corp, is offering 200 mln dlrs of notes due
1997 yielding 9.60 pct, said lead manager Merrill Lynch Capital
Markets.
    The notes have a 9-1/2 pct coupon and were priced 99.365 to
yield 130 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the issue is rated A-2 by Moody's
and A by Standard and Poor's. The gross spread is 6.50 dlrs,
the selling concession is four dlrs and the reallowance is 2.50
dlrs. Shearson Lehman co-managed the deal.
 Reuter
