Arranging a large leveraged loan doesn't always boost a bank's junk bond shop. Just ask BankAmerica Corp.

The banking company, along with J.P. Morgan & Co., Bank of New York Co. and Bank of Nova Scotia, recently arranged a $2.8 billion bank loan for Tenet Healthcare Corp. But when Tenet issued a related $2 billion of high- yield bonds last week-the largest junk offering in more than three years- BankAmerica was not involved.

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