BofA Sells $10 Billion of Bonds After Results Beat Expectations
A Bank of America branch in New York.
Photographer: Michael Nagle/BloombergBank of America Corp. priced $10 billion high-grade bonds, extending a borrowing spree by major Wall Street lenders this week.
Along with Goldman Sachs Group Inc.’s $6.5 billion bond sale on Monday, four of the largest US banks have raised a combined $36.5 billion, driving the busiest week for US investment-grade issuance in more than a month.