By Andrea Heisinger
New York, March 8 - Bank of America Corp. sold $2.5 billion of 4.5% five-year notes late on Monday to yield 215 basis points over Treasuries, a market source away from the sale said.
The non-callable notes (A2/A/A+) were priced at 99.899 to yield 4.522%.
Bank of America Merrill Lynch was the bookrunner.
The financial services company is based in Charlotte, N.C.
Issuer: | Bank of America Corp.
|
Issue: | Notes
|
Amount: | $2.5 billion
|
Maturity: | April 1, 2015
|
Bookrunner: | Bank of America Merrill Lynch
|
Coupon: | 4.5%
|
Price: | 99.899
|
Yield: | 4.522%
|
Spread: | Treasuries plus 215 bps
|
Call: | Non-callable
|
Trade date: | March 8
|
Settlement date: | March 11
|
Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
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