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Bank of America Joins Wall Street Peers in Europe Debt Foray

  • Lender’s deal is region’s biggest from a U.S. bank this year
  • Euro, sterling-denominated deal draws strong investor demand
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Bank of America Corp. drew strong demand for a three-part offering in Europe’s debt market as it joined the ranks of U.S. lenders raising financing across the Atlantic.

Investors tabled more than 7 billion euros ($7.6 billion) equivalent of bids for the Charlotte, North Carolina-headquartered lender’s 4.2 billion euros three-part debt sale in euros and sterling, according to a person familiar with the matter, who asked not to be named as they aren’t authorized to speak publicly. It’s the region’s biggest deal from a U.S. bank this year and comes two days after Bank of America reported better-than-expected quarterly earnings.