By Andrea Heisinger
New York, Jan. 28 - Bank of America Corp. added $350 million to its issue of floating-rate notes due April 30, 2012 backed by the Federal Deposit Insurance Corp. on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at par to yield three-month Libor plus 30 basis points. They have interest paid quarterly and are non-callable.
Total issuance is $2.35 billion, including $2 billion priced Tuesday.
Banc of America Securities LLC was the bookrunner.
Senior co-managers were HSBC Securities, J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc. and Wells Fargo Brokerage Services LLC.
Junior co-managers were Loop Capital Markets LLC and Samuel A. Ramirez & Co. Inc.
The financial services company is based in Charlotte, N.C.
| Issuer: | Bank of America Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $350 million added
|
| Maturity: | April 30, 2012
|
| Bookrunner: | Banc of America Securities LLC
|
| Senior co-managers: | HSBC Securities, J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc., Wells Fargo Brokerage Services LLC
|
| Junior co-managers: | Loop Capital Markets LLC, Samuel A. Ramirez & Co. Inc.
|
| Coupon: | Three-month Libor plus 30 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 30 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 28
|
| Settlement date: | Jan. 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $2.35 billion, including $2 billion priced Jan. 27
|
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