Published on 8/10/2007 in the Prospect News Investment Grade Daily.
New Issue: Bank of America prices $2.25 billion in three-year senior notes at Libor plus 17 bps
By Andrea Heisinger
Omaha, Aug. 10 - Bank of America Corp. priced $2.25 billion in three-year floating-rate senior notes (Aa1/AA) with a Libor plus 17 basis points coupon at par Friday in the big deal of the day.
The lead manager on the deal was Banc of America Securities LLC. Co-managers were Jackson Securities, LLC and Loop Capital Markets, LLC.
| Issuer: | Bank of America Corp.
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| Face amount: | $2.25 billion
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| Maturity: | Aug. 13, 2010
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| Security description: | Floating-rate senior notes
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| Bookrunners: | Banc of America Securities LLC
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| Coupon: | Libor plus 17 bps
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| Price: | Par
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| Yield: | Libor plus 17 bps
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| Call features: | Non-callable
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| Trade date: | Aug. 10
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| Settlement date: | Aug. 15
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| Ratings: | Moody's: Aa1
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| Standard & Poors: AA
|
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