Bank of America sells $2.7 bln in preferred sale
May 20 (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) on Tuesday sold $2.7 billion in a preferred share sale, said International Financing Review.
The preferred share sale has a dividend rate of 8.20 percent, said IFR, a publication of Thomson Reuters.
Banc of America Securities is the sole bookrunner on the deal. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama)
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