Bank of America Prices $1.75 billion in Credit Card Asset-Backed Notes From the BA Credit Card Trust (formerly known as MBNA Credit Card Master Note Trust)
By: PR Newswire
Posted on August 22, 2006 at 18:23 PM EDT
CHARLOTTE, N.C., Aug. 22 /PRNewswire/ -- Bank of America's FIA Card Services, N.A. (formerly known as MBNA America Bank, N.A.) today priced an offering of $1.75 billion in credit card asset-backed notes from the BA Credit Card Trust.
The Class A (2006-9) consists of $1.75 billion floating rate asset backed notes. The four-year notes were priced at par and will accrue interest at 1 basis point over the one-month London Interbank Offered Rate ("LIBOR").
This offering, scheduled to close on August 30, 2006, was lead managed by Banc of America Securities LLC and co-managed by ABN AMRO Incorporated, Barclays Capital, Merrill Lynch & Co. and RBS Greenwich Capital.
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 firstname.lastname@example.org.
Source: Bank of America Corporation
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