BANK OF AMERICA
[LOGO]
NEWS RELEASE Bank of America Corporation
Investor Relations
100 North Tryon Street
NC1-007-56-01
Charlotte, NC 28255
FOR IMMEDIATE RELEASE
February 3, 1999
Contact: Bob Stickler 704-386-8465
BANKAMERICA OFFERS $1.5 BILLION IN 10-YEARS NOTES
Charlotte, February 3, 1999 -- BankAmerica Corporation has priced
a global offering of $1.5 billion in fixed-rate notes for sales
in the United States and abroad.
The ten-year senior notes will have a coupon of 5 7/8 per cent
per annum, payable semi-annually. The notes mature on February
15, 2009. Closing is scheduled for February 8, 1999.
The offering will be sold through underwriters led by NationsBanc
Montgomery Securities, LLC, and including Bear, Stearns & Co.
Inc., Lehman Brothers, Merrill Lynch & Co., and Salomon Smith
Barney. Junior co-managers of the offering are Blaylock &
Partners L.P., Interstate Johnson Lane Corporation, Utendahl
Capital Partners L.P and The Williams Capital Group, L.P.
The debt issue is part of a shelf registration for corporate debt
and other securities previously declared effective by the
Securities and Exchange Commission. Application has been made to
list the notes on the Luxembourg Stock Exchange.
Proceeds from the issue will be used for general corporate
purposes.
BankAmerica Corporation, with $618 billion in total assets, is
the largest bank in the United States. It has full service
operations in 22 states and the District of Columbia and provides
financial products and services to 30 million households and 2
million businesses, as well as providing international corporate
financial services for business transactions in 190 countries.
BankAmerica Corporation stock (ticker: BAC) is listed on the New
York, Pacific and London stock exchanges and certain shares are
listed on the Tokyo Stock Exchange.
www.bankamerica.com
www.nationsbank.com