Bank of America Announces Expiration of Exchange Offers

Charlotte, North Carolina (ots/PRNewswire) -

Bank of America Corporation today announced the expiration of its
offers to exchange a portion of its outstanding subordinated debt
securities listed in the table below (collectively, the "Old Notes"),
for both cash and the choice of either:

- up to US$2,000,000,000 aggregate principal amount of its 5.42%
Subordinated Notes due March 15, 2017 (the "2017 Notes"); or
- up to US$2,000,000,000 aggregate principal amount of its 5.49%
Subordinated Notes due March 15, 2019 (the "2019 Notes").

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)

The 2017 Notes and the 2019 Notes are collectively referred to as
the "New Notes." The offers to exchange Old Notes for cash and New
Notes are collectively referred to as the "Exchange Offers." The
Exchange Offers commenced on November 13, 2006 and expired at 5:00
p.m., New York City time, on December 13, 2006.

Bank of America expects to deliver an aggregate principal amount
of approximately US$1.7 billion of 2017 Notes and approximately
US$500 million of 2019 Notes, together with cash consideration and
accrued interest, in exchange for the Old Notes accepted in the
Exchange Offers.

The table below provides the aggregate principal amount of each
series of Old Notes validly tendered and not withdrawn in the
Exchange Offers. This information is preliminary and may change.

(All currency in US dollars)
Original
Aggregate Aggregate
Maturity Principal Principal
Date of Amount Amount
CUSIP Common Code Series Old Notes Outstanding Tendered
060505AD6 010786428 7.80% 2/15/10 $1,900,000,000 $733,418,000
Subordinated
Notes due
2010
060505AG9 012365349 7.40% 1/15/11 $3,000,000,000 $1,370,724,000
Subordinated
Notes due
2011
638585BD0 012469446 6.375% 2/15/08 $350,000,000 $58,878,000
Subordinated
Notes due
2008
066050CU7 014442251 6.25% 4/1/08 $250,000,000 $14,192,000
Subordinated
Notes due
2008
066050CP8 -- 7.125% 3/1/09 $300,000,000 $26,932,000
Subordinated
Notes due
2009

Based on the aggregate amount of Old Notes validly tendered in the
Exchange Offers, and pursuant to the terms of the Exchange Offers,
Bank of America will accept all Old Notes validly tendered without
proration in accordance with the primary choice of each tendering
holder of Old Notes.

As previously announced, the settlement date for the Exchange
Offers is scheduled for December 18, 2006, or as soon as practicable
thereafter.

The New Notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or any state securities
laws. Therefore, the New Notes may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Securities Act and any applicable
state securities laws. In addition, Bank of America has not taken any
action to permit a public offering of the New Notes outside the
United States and persons outside the United States must inform
themselves about and observe any restrictions relating to the
offering of the New Notes outside the United States.

Bank of America Corporation is a bank holding company and a
financial holding company. The company provides a diversified range
of banking and nonbanking financial services and products in 30
states, the District of Columbia, and 44 foreign countries. The
company provides these services and products through three business
segments: Global Consumer and Small Business Banking, Global
Corporate and Investment Banking, and Global Wealth and Investment
Management. Bank of America Corporation common stock (NYSE: BAC) is
listed on the New York Stock Exchange.

This press release does not constitute an offer to purchase any
securities or a solicitation of an offer to sell any securities. The
Exchange Offers have been made only pursuant to an offering
memorandum and related letter of transmittal and only to such persons
who have completed an eligibility certification and in such
jurisdictions as is permitted under applicable law.

Web site: http://www.bankofamerica.com

ots Originaltext: Bank of America Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Eloise Hale of Bank of America, +1-704-387-0013, or
eloise.hale@bankofamerica.com; Photo:
http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b
AP Archive: http://photoarchive.ap.org PRN Photo Desk,
photodesk@prnewswire.com


	hier anmelden...