By Aleesia Forni
Virginia Beach, Nov. 6 - Bank of America came to Wednesday's primary market to sell $2.5 billion of senior notes in two tranches, according to an informed source.
A $1 billion tranche of floating-rate notes priced at par to yield Libor plus 47 basis points.
A $1.5 billion tranche of 1.125% notes due 2016 was priced at Treasuries plus 60 bps.
The notes priced in line with talk.
BofA Merrill Lynch was the bookrunner.
The financial services company is based in Charlotte, N.C.
Issuer: | Bank of America
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Issue: | Senior notes
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Amount: | $2.5 billion
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Bookrunner: | BofA Merrill Lynch
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Trade date: | Nov. 6
|
|
Floaters due 2016
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Amount: | $1 billion
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Maturity: | Nov. 14, 2016
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Coupon: | Libor plus 47 bps
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Price: | Par
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Yield: | Libor plus 47 bps
|
|
Notes due 2016
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Amount: | $1.5 billion
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Maturity: | Nov. 14, 2016
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Coupon: | 1.125%
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Spread: | Treasuries plus 60 bps
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Price talk: | Treasuries plus 60 bps area
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