CHARLOTTE, N.C., Oct. 23 /PRNewswire/ -- Bank of America Corporation today announced the pricing of $1.6 billion in aggregate principal amount of its fixed and floating rate senior notes. The offering includes a series of $1.25 billion aggregate principal amount of ten-year 5.625% senior notes and a series of $350 million aggregate principal amount of ten-year floating rate senior notes.
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Bank of America will pay interest on the fixed rate notes semi-annually on April 14 and October 14 of each year, beginning April 14, 2007. Bank of America will pay interest on the floating rate notes quarterly on January 14, April 14, July 14, and October 14, beginning January 14, 2007, at a floating rate equal to three-month LIBOR plus a spread of 0.26 percent. Each series of notes will mature on October 14, 2016.
These notes are being underwritten by Banc of America Securities LLC, as sole book-running lead manager, and Bear, Stearns & Co. Inc., HSBC Securities (USA) Inc., Blaylock & Company, Inc., and The Williams Capital Group, L.P. Closing is scheduled for October 26, 2006.
The notes will not be listed on any securities exchange.
Copies of the prospectus relating to the offering may be obtained from Banc of America Securities LLC, 100 West 33rd Street, 3rd Floor, New York, New York 10001, by calling 1-800-294-1322 or you may email a request to
Bank of America Corporation is a bank holding company and a financial holding company. The company provides a diversified range of banking and nonbanking financial services and products in 30 states, the District of Columbia, and 44 foreign countries. The company provides these services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. Bank of America Corporation common stock is listed on the New York Stock Exchange.
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