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Bank of America Corporation Message Board

  • markpartin2000 markpartin2000 Sep 6, 2007 6:06 PM Flag

    BoA Sells Debt

    NEW YORK, Sept 6 (Reuters) - Bank of America Corp on Thursday sold $1.7 billion of debt in three parts, said a source familiar with the deal.

    The sale included $550 million of five-year floating-rate notes with a coupon rate of 0.50 percentage point over the three-month London interbank offered rate.

    The second tranche was a $650 million five-year fixed-rate note yielding 1.23 percentage points more than U.S. Treasuries and the third part was a $500 million 30-year bond priced to yield 1.75 percentage points over Treasuries.

    Banc of America Securities was the sole lead manager of the sale, the source said.

    -------------------------

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