8-KOther EventsExhibits & Filings

BANK OF AMERICA CORP /DE/ 8-K Report, Corporate Update (Sep 13, 2004)

Filed September 13, 2004For Securities:BACBAC-PBBAC-PKBAC-PLBAC-PMBAC-PNBAC-PSBML-PJBAC-PEBAC-PPBAC-PQBACRPBML-PGBML-PHBML-PLBAC-POMER-PK

Summary

This 8-K filing from Bank of America Corporation (BAC) on September 13, 2004, reports on the issuance of new debt under its existing Euro Medium-Term Note Program. Specifically, on September 9, 2004, the company issued Euro 750 Million Floating Rate Senior Notes due in September 2009. These notes bear interest at a floating rate based on 3-month EURIBOR plus a spread of 0.15 percent, with quarterly interest payments. This issuance is part of a larger $25 billion program, and following this sale, BAC had approximately $8.9 billion of debt outstanding under the program. Investors should note that these notes are issued under Regulation S and are not registered under the U.S. Securities Act of 1933, meaning they are not offered or sold within the United States or to U.S. persons without registration or an applicable exemption.

Key Highlights

  • 1Bank of America Corporation (BAC) issued Euro 750 Million Floating Rate Senior Notes due September 2009 on September 9, 2004.
  • 2The notes carry a floating interest rate of 3-month EURIBOR plus 0.15 percent, payable quarterly.
  • 3This issuance is part of a broader $25 billion Euro Medium-Term Note Program.
  • 4Following the issuance, approximately $8.9 billion of debt remains outstanding under the Euro Medium-Term Note Program.
  • 5The notes are unsecured senior indebtedness of the company.
  • 6The issuance is made under Regulation S, meaning the notes are not registered with the SEC and are subject to restrictions on sale in the United States or to U.S. persons.

Frequently Asked Questions

The main purpose of this filing is to report the creation of a direct financial obligation by Bank of America Corporation through the issuance of new Euro Medium-Term Notes under its existing program.

The newly issued notes are Senior Notes with a principal amount of Euro 750 Million, maturing in September 2009. They bear interest at a floating rate of 3-month EURIBOR plus 0.15 percent, with interest paid quarterly.

Yes, these notes are issued under Regulation S of the Securities Act of 1933. They have not been registered under the Act and therefore may not be offered or sold in the United States or to U.S. persons unless they are registered or an exemption from registration applies.

After the issuance of the Euro 750 Million Senior Notes, Bank of America had approximately $8.9 billion of debt outstanding under its $25 billion Euro Medium-Term Note Program.