BofA launches $18.8 bln sale of securities -term sheet
Bank of America has launched the sale of $18.8 billion worth of securities as it embarks on an effort to repay $45 billion in government bailout funds.
Bank of America is selling what it calls common equivalent securities, which are expected to be priced on Dec. 7, according a term sheet obtained by Reuters.
(Reporting by Michael Flaherty; Editing by Jonathan Hopfner)
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