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BAC Capital buys back £8.5 million of its 5.25% bonds over two days
By Ashley Montgomery
Kansas City, Kan., Dec. 21 - BAC Capital Trust VII said it repurchased £8.5 million its 5.25% bonds due 2035 in two recent transactions.
The company repurchased £8.25 million of the bonds on Tuesday and £250,000 of the bonds on Wednesday, according to company announcements.
Following the repurchases, £140.1 million remains outstanding.
BAC Capital Trust VIII is an affiliate of Charlotte, N.C.-based Bank of America Corp.
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