Bank of America has raised $2.3 billion through a two-part note sale, Reuters reports. The bank sold $2 billion notes, maturing on May 13, 2021 and added $300 million to a January sale of floating-rate securities, due in 2014.

The 10-year notes will carry a coupon rate of 5%. Bank of America Merrill Lynch was the sole book-running manager for the transaction.

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