(Registrieren)

Bank of America Announces Expiration of Exchange Offers

Geschrieben am 14-12-2006

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series of Old Notes validly tendered and not withdrawn in the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


Kontaktinformationen:

Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.

http://www.bankkaufmann.com/topics.html

Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de

45170

weitere Artikel:
  • Helix Biopharma gibt Finanzergebnis des 1. Quartals 2007 bekannt Aurora, Kanada (ots/PRNewswire) - - Die Helix BioPharma Corp. (TSX, FSE: HBP) gab heute das Finanzergebnis für das erste Quartal des Geschäftsjahres 2007 zum 31. Oktober 2006 bekannt. HIGHLIGHTS - Unternehmen initiierte Einschreibung für klinische Phase II Studie mit Topical Interferon Alpha-2B bei Patienten mit anogenitalen Warzen - Unternehmen gab Abschluss der Einschreibung und Behandlung der klinischen Phase II Studie mit Topical Interferon Alpha-2b bei Patienten mit in geringem Masse schuppenartigen intraepithelialen Läsionen mehr...

  • Solvay Pharmaceuticals and Novasep Have Signed a Strategic Manufacturing Alliance Pompey, France (ots/PRNewswire) - Solvay Pharmaceuticals and Novasep have signed a five-year strategic manufacturing alliance which includes the exclusive synthesis of two active pharmaceutical ingredients for Solvay Pharmaceuticals. Solvay and Novasep have recently set a strategic manufacturing alliance defining Novasep as a preferred partner for the development, the scale-up and the industrial supply of existing or new chemical entities and/or active pharmaceutical ingredients. Under the terms of this 5-years agreement, Novasep currently mehr...

  • VWR International, Inc. beruft Charles A. Banks und George K. Jaquette in den Vorstand West Chester, Pennsylvania (ots/PRNewswire) - - Herr Banks wird Nachfolger von Herrn James W. Rogers als Vorstandsvorsitzender von VWR und Herr Jaquette löst Herrn Joseph L. Rice als Direktor des VWR-Vorstands ab VWR International, führendes Unternehmen in der weltweiten Laborforschungsbranche, meldete heute die Berufung von Clayton, Dubilier & Rice (CD&R) Betriebsdirektoren Charles A. Banks und George K. Jaquette, in den Vorstand von VWR. Herr Banks wird Nachfolger von Herrn James W. Rogers als Vorstandsvorsitzender von VWR und mehr...

  • euro adhoc: TUI AG / Gewinnprognose / Ad-hoc-Meldung gemäß § 15 WpHG (Wertpapierhandelsgesetz) -------------------------------------------------------------------------------- Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 14.12.2006 Hannover, 14. Dezember 2006. Vor dem Hintergrund der im Jahr 2006 verschlechterten Ergebnissituation, insbesondere in der Schifffahrtssparte, teilt die TUI AG mit: Der Aufsichtsrat der TUI AG hat die vom Vorstand vorgelegte Planung für die kommenden Jahre genehmigt und in mehr...

  • euro adhoc: TUI AG / Earnings Forecast / Ad-hoc announcement according to § 15 WpHG (German Stock Trading Law) -------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 14.12.2006 Hanover, 14 December 2006. Against the background of the deterioration in earnings in 2006, in particular in the shipping division, TUI AG announces: The Supervisory Board of TUI AG has approved the plan submitted by the Executive Board for the next few mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht