Published on 7/26/2010 in the Prospect News Investment Grade Daily.
New Issue: Bank of America sells $95.73 million senior InterNotes in six-, nine-year tranches
By Andrea Heisinger
New York, July 26 - Bank of America Corp. priced $95.73 million of senior unsecured InterNotes on Monday in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.
The $55.28 million of 4% six-year notes priced at par to yield 4%.
A $40.45 million tranche of 4.85% nine-year notes sold at par to yield 4.85%.
Both notes are non-callable.
Joint lead managers were Bank of America Merrill Lynch and InCapital LLC.
Agents were Charles Schwab & Co., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank and Wells Fargo Securities LLC.
The financial services company is based in Charlotte, N.C.
| Issuer: | Bank of America Corp.
|
| Issue: | Senior unsecured InterNotes
|
| Amount: | $95,725,000
|
| Joint lead managers: | Bank of America Merrill Lynch, InCapital LLC
|
| Agents: | Charles Schwab & Co., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank, Wells Fargo Securities LLC
|
| Trade date: | July 26
|
| Settlement date: | July 29
|
|
|
| Six-year notes
|
| Amount: | $55,279,000
|
| Maturity: | July 15, 2016
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Call: | Non-callable
|
|
|
| Nine-year notes
|
| Amount: | $40,446,000
|
| Maturity: | July 15, 2019
|
| Coupon: | 4.85%
|
| Price: | Par
|
| Yield: | 4.85%
|
| Call: | Non-callable
|
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