BankAmerica Corp. issued $500 million of three-year floating-rate notes in London Wednesday. The interest rate floats 3/5 of a percentage point above the three-month London interbank offered rate, currently about 3.5% Kidder Peabody Securities Ltd. was the underwriter.

In addition, BankAmerica issued $350 million of five-year senior notes in the United States. The notes were priced at 99.906 to yield 6.02%. First Boston Corp. was lead manager.

BankAmerica's senior debt is rated A2 by Moody's Investors Service Inc. and A by Standard & Poor's Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.