Replies to post #1401979 on BB's Stock Haven

[edogg]

Bank Of America Sells $8B In TLGP Bonds
Last update: 1/27/2009 4:38:10 PM
NEW YORK (Dow Jones)--Bank of America Corp. (BAC) priced $8 billion of notes in a self-led offering on Tuesday, according to IFR.
The two-part deal is being sold under the FDIC's Temporary Liquidity Guarantee program, and is the second offering from the bank in as many days. Bank of America sold $5 billion of 1.5-year notes late Monday.
Terms were as follows:


Amount: $6 billion
Maturity: April 30 2012
Coupon: 2.10%
Price: 99.97
Yield: 2.11%
Spread: Midswaps plus 30 basis points
Ratings: Aaa (Moody's Investors Service)
AAA (Standard & Poor's)

Amount: $2 billion
Maturity: April 30 2012
Coupon: 3-month Libor plus 30 basis points
Price: Par
Yield: 3-month Libor plus 30 basis points
Ratings: Aaa (Moody's Investors Service)
AAA (Standard & Poor's)


-By Kellie Geressy; Dow Jones Newswires; 201 938-2050; [e-mail]
(END) Dow Jones Newswires
January 27, 2009 16:38 ET (21:38 GMT)

[Ogclip ©]

Bad bank talks on CNBC.. That going to be the plan.

[IRISHBULL]

BAC 7.12 A/H nice! C up to...