Tuesday, June 19, 2007

Bank of America Sells $1.7 Billion of Yen Bonds, Benefits From Low Rates

(Bloomberg) -- Bank of America Corp., the second-
largest banking group by market value, raised 215 billion yen
($1.74 billion) selling bonds denominated in yen.

Charlotte, North Carolina-based Bank of America sold bonds
that pay fixed interest maturing in five and 10 years, according
to a statement from the underwriters. It also sold floating-rate
bonds that mature in five years and subordinated samurai bonds
with a 10-year maturity.


Read more at Bloomberg Bonds News

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