BankAmerica Corp. came to market Wednesday with the banking industry's largest-ever issue of senior notes, adding to the recent deluge of such activity.

The banking company's $1.5 billion of 10-year global notes were well- received. The issue was priced Tuesday at 117 basis points over Treasuries, and was heavily oversubscribed. Recent credit market conditions have been excellent, in contrast to last fall's turbulence, and many large banks and brokers have seized the opportunity to refinance existing debt.

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