Bank of America (BAC) Sells $1.5 Billion in Five-Year Notes

According to IFR, a service of Thomson Reuters, Bank of America Corp (NYSE:BAC) on Monday sold $1.5 billion of five-year notes. The giant bank was was the only bookrunning manager for the sale.

BORROWER: BANK OF AMERICA CORPORATION

AMT $1.5 BLN COUPON 3.625 PCT MATURITY 3/17/2016
TYPE NTS ISS PRICE 99.674 FIRST PAY 9/17/2011
MOODY'S A2 YIELD 3.697 PCT SETTLEMENT 3/17/2011
S&P SINGLE-A SPREAD 172 BPS PAY FREQ SEMI-ANNUAL
FITCH A-PLUS MORE THAN TREAS NON-CALLABLE N/A