SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 8, 1999
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
1-6523
(Commission File Number)
56-0906609
(IRS Employer Identification No.)
100 North Tryon Street
Charlotte, North Carolina
(Address of principal executive offices)
28255
(Zip Code)
(704) 386-5000
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
On July 8, 1999, the Registrant completed a sterling offering of
300 million pounds in Floating Rate Senior Notes, due 2004 (the "Notes").
The Notes were sold only in Europe and Asia to non-U.S. investors.
The Notes mature in five years and have a coupon interest rate equal to the
Sterling London Interbank Offered Rate plus a margin of 3/16 percent. The
press release announcing the completion of this offering is attached as
an exhibit to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following exhibits are filed herewith:
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99.1 Press Release dated July 8, 1999 with respect to the
completion of the Registrant's offering of floating rate
senior notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
BANK OF AMERICA CORPORATION
By: /s/ CHARLES M. BERGER
Charles M. Berger
Associate General Counsel
Dated: July 9, 1999
FOR IMMEDIATE RELEASE
July 8, 1999
Contact: Bob Stickler 704-386-8465
BANK OF AMERICA COMPLETES STERLING OFFERING
London, July 8, 1999 - Bank of America Corporation announced today that it
has completed its previously announced sterling offering of 300 million
pounds ($474 million equivalent) in floating-rate notes distributed primarily
in Europe.
The five-year notes bear interest at the sterling London Interbank Offered
Rate (LIBOR) plus a margin of 3/16 percent per annum. Interest is payable
quarterly on the 8th of January, April, July and October, beginning on
October 8, 1999. The notes mature on July 8, 2004.
Bank of America International Limited was the lead manager of the offering.
Co-lead managers were Barclays Capital, Deutsche Bank, Lehman Brothers and
Merrill Lynch International, and co-managers were Royal Bank of Scotland plc
and Warburg Dillon Read.
The issue was not registered with the U.S. Securities and Exchange Commission
and was offered exclusively to investors outside the United States. Proceeds
will be used for general corporate purposes.
Bank of America Corporation, with $614 billion in total assets, is the parent
of the largest bank in the United States.
www.bankofamerica.com
