Neutral
Bank of America announces redemption of $2 billion in senior notes due September 2027.
Bank of America Corporation has announced the redemption of all outstanding $500 million Floating Rate Senior Notes and $1.5 billion 5.933% Fixed/Floating Rate Senior Notes, both due September 2027. The redemption price for each series will be equal to 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date of September 15, 2026. Interest on each series will cease to accrue on the redemption date.
Key points
- Bank of America announces redemption of $2 billion in senior notes due September 2027.
Sources
AI-generated from public news sources. Not financial advice.
