Bank of America 2000 Annual Report Download - page 30

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Serving Large Corporations & the Institutional Market
Shifting the focus from loans to fee-based products
and services, leveraging the balance sheet and
honing the client base make us more value-added
to corporations and institutions – and more profitable.
Why not expect your bank to think smart and act fast, extending the intellectual capital, the products and the infra-
structure your business needs to thrive in today’s fast-moving global marketplace? Whether yours is a long-
established Fortune 500 corporation or an open-throttle technology start-up, a mid-sized growth company with
very focused ambitions or a multinational with complex cross-border needs, why not expect your bank to deliver a
full range of corporate and investment banking expertise, reliable access to the global capital markets, a leader’s
perspective on working capital management and more?
That’s what corporate and institutional clients should expect. And that’s what Bank of America is committed to
deliver. The collective expertise of our client teams, built across key industry segments, serves to grow and nourish
valued relationships through diverse corporate and investment banking functions, comprehensive capabilities and
global reach. In short, we take responsibility for delivering superior solutions for our clients, issuers and investors alike.
Ours is a powerful perspective, and the Global Corporate and Investment Banking team puts it to work 24/7 worldwide.
Serving large corporations, government agencies, investment houses and other institutional clients, we con-
tributed more than 26% to the corporation’s net income in 2000.
This business has strategically redeployed capital to build higher-return, higher-growth, fee-based client rela-
tionships. Noninterest income growth of 8% contributed to an 8.8% revenue increase in the last year. These num-
bers confirm the successful shift to focus on fee-based products and services and on expanded and more profitable
relationships with targeted clients. As part of the corporate growth strategy, and with a view of the balance sheet as a
strategic advantage, such initiatives continue in 2001.
Our clients set their banking sights high, and Bank of America continues to be No. 1 in U.S. large corporate
banking relationships. To maximize opportunities to broaden these and other client relationships, we perform as a
team to generate the needed intellectual capital across our organization, products and geographic borders. The
composition of a client team varies, led by an investment banker or a corporate banker, as client needs dictate. In
fact, a team effort is so important to us that we align individual officers’ incentives with the team’s success.
$400,000,000
Follow-on Equity Offering
Sole Manager
September 2000
$280,906,000
Export Receivables Securitization
Triple Net Lease Mortgage Bonds
Lead Underwriter and
Sole Structuring Agent
October 2000
$300,000,000
Export Receivables Securitization
US$25,000,000
8.682% Notes due 2007
US$150,000,000
8.926% Notes due 2010
US$125,000,000
Floating Rate Notes due 2007
Lead Arranger and Sole Bookrunner
October 2000
CVRD Finance Ltd.
$507,400,000
Overnight Follow-on Equity Offering
Sole Lead Manager
February 2000
$550,000,000
Initial Public Offering
Joint Lead Manager &
Joint Bookrunner
February 2000
$2,500,000,000
Flexible Extendible Reset Notes
(FlexNotes )
Initial Remarketing Date
November 8, 2001
Final Maturity Date
November 8, 2010
Sole Manager
November 2000
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