The entire $425 million offering is part of a $1 billion shelf registration that BankAmerica filed earlier this year.

By using shelf registration, the firm can fulfill all registration-related procedures beforehand and go to market quickly when conditions become more favorable.

The notes, which bear a 10 percent coupon, was the third sale of a shelf registration that totaled $600 million.

BankAmerica has filed a shelf registration to issue up to $1 billion in debt and preferred stock.

The company has filed a $1.5 billion shelf registration of securities.

The Commission's proposed mandatory annual 'shelf registration' system is also problematic.

We have campaigned from the start to end the requirement for mandatory, annual shelf registration.

The issue came out of a $1.5 billion shelf registration filed by the company in December.

The shelf registration gives the company two years to sell the debt.

The securities were drawn this week from a shelf registration.