CHARLOTTE, N.C., Nov. 1 /PRNewswire/ -- Bank of America Corporation today announced the pricing of $1.75 billion in aggregate principal amount of its three-year floating-rate callable senior notes. Bank of America will pay interest on the notes on February 6, May 6, August 6 and November 6 of each year, beginning February 6, 2007. The notes mature on November 6, 2009.
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The notes will bear interest from the issue date through May 5, 2008 at a floating rate equal to three-month LIBOR plus a spread of 0.01 percent. From May 6, 2008 to the maturity date or earlier redemption date, the interest rate will be equal to three-month LIBOR plus a spread of 0.12 percent.
These notes are being underwritten by Banc of America Securities LLC, as sole book-running lead manager, Loop Capital Markets, LLC and The Williams Capital Group, L.P. Closing is scheduled for November 6, 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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