Bank of America Prices $1.95 billion in Credit Card Asset-Backed Notes From MBNA Credit Card Master Note Trust12 February 2006
r> CHARLOTTE, N.C., Feb. 9 - Bank of America's MBNA America Bank, N.A., yesterday priced two offerings totaling $1.95 billion in credit card asset-backed notes from the MBNA Credit Card Master Note Trust. (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b) The first offering, Class A (2006-1), consists of $1.6 billion fixed rate asset backed notes. The three-year 4.90 percent notes were priced at 99.89552 percent to yield 4.988 percent. This offering, scheduled to close on February 15, 2006, was lead managed by Banc of America Securities LLC and co-managed by Barclays Capital, Credit Suisse and Merrill Lynch & Co. The second offering, Class C (2006-1), consists of $350 million floating rate asset backed notes. The seven-year notes were priced at par and will accrue interest at 42 basis points over the one-month London Interbank Offered Rate ("LIBOR"). This offering, scheduled to close on February 17, 2006, was lead managed by Banc of America Securities LLC and co-managed by Deutsche Bank Securities and Lehman Brothers. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain the prospectus for free by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send to you the prospectus if you request it by calling toll-free 1-800-294-1322 or you may e-mail a request to dg.prospectus_distribution@bofasecurities.com. http://www.bankofamerica.com/newsroom
Source: prnewswire
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