Credit Cards

Comprehensive credit and loan news coverage

Recently...

Archive
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
October 2004
 

Bank of America Prices $1.95 billion in Credit Card Asset-Backed Notes From MBNA Credit Card Master Note Trust

12 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


Author:  
Email:    
Topic:    
Content:

All trademarks and copyrighted information contained herein are the property of their respective owners.


Related Articles


 
Mortgage News
Law News
Life Insurance
Legal Action

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z