By Andrea Heisinger
Omaha, Sept. 6 - Bank of America Corp. priced $1.7 billion of notes in three tranches Thursday, according to a market source.
The first tranche is $550 million in five-year three-month Libor plus 50 basis points floating-rate notes (Aa1/AA) that priced at par.
The second tranche is $650 million in five-year 5.375% global notes (Aa1/AA) that priced at a spread of Treasuries plus 123 bps with a price of 99.753.
The final tranche is $500 million in 30-year 6.5% global bonds (Aa2/AA-) that priced at a spread of Treasuries plus 175 bps with a price of 99.424.
Sole bookrunner was Banc of America Securities LLC.
| Issuer: | Bank of America Corp.
|
| Amount: | $1.7 billion
|
| Bookrunner: | Banc of America Securities LLC
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 11
|
|
|
| Five year floating-rate note tranche
|
| Amount: | $550 million
|
| Maturity: | Sept. 11, 2012
|
| Coupon: | Three-month Libor plus 50 bps
|
| Price: | Par
|
| Call: | Non-callable
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Five-year global notes tranche
|
| Amount: | $650 million
|
| Maturity: | Sept. 11, 2012
|
| Coupon: | 5.375%
|
| Price: | 99.753
|
| Spread: | Treasuries plus 123 bps
|
| Call: | Non-callable
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Thirty-year global bonds tranche
|
| Amount: | $500 million
|
| Maturity: | Sept. 15, 2037 |
|
| Coupon: | 6.5%
|
| Price: | 99.424
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Non-callable
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
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