Bank of America guides benchmark three-year bank notes at 87.5 bps area; pricing Friday

By Aleesia Forni

Virginia Beach, March 20 – Bank of America Corp. is planning to price a benchmark offering of three-year senior bank notes (A2/A/A) on Friday, according to an informed source.

The notes are talked in the 87.5 basis points area over Treasuries.

BofA Merrill Lynch is the bookrunner.

Proceeds will be used for general corporate purposes.

Bank of America is a financial services company based in Charlotte, N.C.

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