This excerpt taken from the BAC 8-K filed Feb 25, 2009.
In satisfaction of Merrill Lynchs obligations under the reset provisions contained in the investment agreement with Temasek, Merrill Lynch agreed to pay Temasek $2.5 billion, all of which was paid through the issuance of common stock.
As a result of the completed sale of Merrill Lynchs 20% ownership stake in Bloomberg, L.P., Merrill Lynch recorded a $4.3 billion pre-tax gain. In connection with this sale, Merrill Lynch received notes totaling approximately $4.3 billion that have been recorded as held-to-maturity investment securities on the Consolidated Balance Sheets.
See Notes to Consolidated Financial Statements