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GC Asia
BofA picks up holdco baton with $5bn deal
Bank of America signalled the last hurrah of post-earnings supply by Wall Street heavyweights when it hit the market on Monday with a $5bn bond.
Bank of America, rated A2/A-, followed in the footsteps of Wells Fargo and Goldman Sachs with an offering of senior holdco notes, selling $1.5bn of six year non-call fives at 65bp over US Treasuries and $3.5bn of 11 year non-call 10s at 95bp over.
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