Bank of America Corp. announced Monday the launching of a combined $8.5 billion of global notes through the Federal Deposit Insurance Corp.'s Temporary Liquidity Guarantee Program.
The bank's $4 billion of 1.5-year notes were launched at three basis points over the three-month London interbank offered rate.
The parent company's $4.5 billion issue is to be sold in two pieces: $2 billion of three-year, fixed-rate notes launched at 20 basis points over midswaps and a $2.5 billion, three-year floater launched at 20 basis points over the three-month Libor.
The issue has been rated AAA by Moody's Investors Service and Standard & Poor's.
