Guarantor:Bank of America
Tranche 1:$700m hybrid capital
Coupon:three month Libor plus 40bp
Call option:at par from 15 March 2012
Tranche 2:$850m hybrid capital
Call option: at par from 15 March 2012
Spread at re-offer:83bp over the 4.75% January 2012 UST
Monday 12 February
Payment date:16 February
Sole mgr:Bank of America
Market appraisal:"...that was an interesting trade. ...
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