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Bank of America talks C$400 million seven-year notes at 177 bps spread
By Cristal Cody
Tupelo, Miss., June 11 – Bank of America Corp. planned to price C$400 million of seven-year senior medium-term notes late afternoon on Thursday, according to a 424B2 filing with the Securities and Exchange Commission and a market source.
The series L notes due June 2022 (Baa2/A-/DBRS: A) were talked to price at a spread of 177 basis points over the interpolated Government of Canada bond curve.
Merrill Lynch Canada Inc. is the bookrunner. BMO Nesbitt Burns Inc., Scotia Capital Inc. and TD Securities Inc. are the co-managers.
Proceeds from the offering will be used for general corporate purposes.
Bank of America is a financial services company based in Charlotte, N.C.
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