By Cristal Cody
Tupelo, Miss., July 23 – Bank of America Corp. sold $1.5 billion of two-year floating-rate senior notes (A2/A-/A+) on Tuesday at Libor plus 32 basis points, according to a market source.
Initial price talk was in the Libor plus 35 bps area.
BofA Securities, Inc. was the bookrunner.
The financial services company is based in Charlotte, N.C.
| Issuer: | Bank of America Corp.
|
| Amount: | $1.5 billion
|
| Description: | Floating-rate senior notes
|
| Maturity: | July 26, 2021
|
| Bookrunner: | BofA Securities, Inc.
|
| Coupon: | Libor plus 32 bps
|
| Trade date: | July 23
|
| Ratings: | Moody’s: A2
|
| S&P: A-
|
| Fitch: A+
|
| Distribution: | SEC registered
|
| Price guidance: | Libor plus 35 bps area
|
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