By Andrea Heisinger
New York, Dec. 9 - Bank of America Corp. reopened its three-year floating-rate medium-term notes backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee Program to add $1 billion, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/AAA) priced at 100.146 and have a coupon of one-month Libor plus 76 basis points.
Total issuance is $1.5 billion, including $500 million issued on Dec. 4.
Banc of America Securities LLC ran the books, with co-managers HSBC Securities, Loop Capital Markets and Cabrera Capital Markets.
The financial services company is based in Charlotte, N.C.
| Issuer: | Bank of America Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate medium-term notes
|
| Amount: | $1 billion reopened
|
| Maturity: | Dec. 2, 2011
|
| Bookrunner: | Banc of America Securities LLC
|
| Co-managers: | HSBC Securities, Loop Capital Markets, Cabrera Capital Markets
|
| Coupon: | One-month Libor plus 76 bps
|
| Price: | 100.146
|
| Call: | Non-callable
|
| Trade date: | Dec. 8
|
| Settlement date: | Dec. 11
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $1.5 billion, including $500 million issued Dec. 4
|
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