Bank of America Corp (NYSE: BAC) has launched a new three-year Australian-dollar benchmark transaction, a joint lead managers including Merrill Lynch Australia, ANZ, NAB and Westpac.
The transaction is expected to be off as part of their Australian and New Zealand medium-term note program dated July 20, 2010. The pricing is expected to be released in the near future and will depend on market conditions.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Banking, Global Markets, Global Wealth & Investment Management (GWIM), with the remaining operations recorded in All Other. On January 1, 2009, the Company completed the acquisition of Merrill Lynch.
Shares of Bank of America Corp (NYSE: BAC) traded down 0.87% hitting $12.53 during mid-day trading on Monday.
