Bank of America Prices Pounds Sterling 850 Million in ...
Bank of america
Bank of America Prices Pounds Sterling 850 Million in Capital Securities
CHARLOTTE, North Carolina, August 4/PRNewswire/ -- Bank of America Corporation today
priced an offering of capital securities to be issued by BAC Capital Trust VII for sale
primarily outside of the United States. A total of 17,000 capital securities will be
issued, each with a liquidation amount of Pounds Sterling 50,000.
The annual cash distribution rate of 5-1/4 percent will be paid semi-annually on both
the tenth of February and August of each year, commencing February 10, 2006.
The offering is sold through book-running lead managers Banc of America Securities
Limited and The Royal Bank of Scotland. The co-managers of the offering are Deutsche
Bank, HSBC, Royal Bank of Canada Europe Limited and UBS Limited. Closing is scheduled for
August 10, 2005.
An application has been made for the capital securities to be admitted to trading on
the London Stock Exchange.
The capital securities are part of a shelf registration for trust preferred securities
previously declared effective by the Securities and Exchange Commission.
Bank of America stock (NYSE: BAC) is listed on the New York, Pacific, and London
exchanges and certain shares are listed on the Tokyo stock exchange.
Web site: www.bankofamerica.com
Source: Bank of America
Eloise Hale, Bank of America Corporation, +1-704-387-0013, or
Eloise.hale@bankofamerica.com