Bank of America launches $8.5 bln debt sale
NEW YORK, March 9 (Reuters) - Bank of America (BAC) launched an $8.5 billion government-backed bond sale on Monday, the latest under the Temporary Liquidity Guarantee Program, according to IFR, a Thomson Reuters publication.
The sale will be sold in three parts, including $4 billion of 1.5 year floating-rate notes at three-month Libor plus 3 basis points; $2 billion of three-year fixed-rate notes at midswaps plus 20 basis points; and $2.5 billion of three-year floating-rate notes at three-month Libor plus 20 basis points. (Reporting by Walden Siew; Editing by Leslie Adler)
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