By Andrea Heisinger
New York, Jan. 19 - Bank of America Corp. sold $1.5 billion of 10-year notes on Thursday after announcing fourth-quarter earnings, an informed source said.
Full terms were not available at press time.
The notes (Baa1/A/A-) were sold at a spread of Treasuries plus 378 basis points.
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: | $1.5 billion
|
| Maturity: | 2022
|
| Bookrunner: | Bank of America Merrill Lynch
|
| Spread: | Treasuries plus 378 bps
|
| Distribution: | Off shelf
|
| Trade date: | Jan. 19
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A
|
| Fitch: A-
|
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