CHARLOTTE, N.C., July 20--PRNewswire-AsiaNet/InfoQuest
Bank of America Corporation today priced three senior note offerings of
$1.250 billion in 10-year fixed-rate notes, $1.250 billion in 5-year fixed-rate
notes and $500 million in 5-year floating-rate notes for sale in the United States and abroad.
The senior 5-year floating-rate notes pay interest at a floating rate per year determined for each quarterly interest period equal to three-month LIBOR,
plus a spread. From the issuance date through maturity date of August 2, 2010 the spread will be 0.10%. The company will pay interest on the 5-year floating-rate notes on August 2, November 2, February 2 and May 2 of each year beginning November 2, 2005.
The senior 5-year fixed-rate notes have a coupon interest rate of 4-1/2%, payable semi-annually on August 1 and February 1 of each year with the first
interest payment on February 1, 2006. The 5-year fixed-rate notes mature on August 1, 2010.
The senior 10-year fixed-rate notes have a coupon interest rate of 4-3/4%, payable semi-annually on August 1 and February 1 of each year with the first
interest payment on February 1, 2006. The 10-year fixed-rate notes mature on August 1, 2015.
These notes will be sold through underwriters led by Banc of America Securities LLC and include Bear, Stearns & Co. Inc., Blaylock & Partners, L.P., Goldman, Sachs & Co., Guzman & Company, HSBC and Loop Capital Markets, LLC. Closing is scheduled for July 26, 2005.
The debt issue is part of a shelf registration for corporate debt and
other securities previously declared effective by the Securities and Exchange
Commission. The notes will not be listed on any securities exchange.
Proceeds from the issue will be used for general corporate purposes.
Bank of America stock (NYSE: BAC) is listed on the New York, Pacific and
London exchanges and certain shares are listed on the Tokyo stock exchange.
http://www.bankofamerica.com/newsroom
SOURCE: Bank of America
CONTACT: Eloise Hale of Bank of America Corporation
+1-704-387-0013 or eloise.hale@bankofamerica.com
Web site: http://www.bankofamerica.com
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