Bank of America announces redemption of senior bank notes totaling $2.4 billion

Bank of America announces redemption of senior bank notes totaling $2.4 billion

Banking & Finance
Webp y7zzvefa8b8qpdytyhkn7u96dlwe

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Brian Moynihan CEO of Bank of America | Bank of America

Bank of America, N.A. has announced its plan to redeem $2 billion of its 5.650% Senior Bank Notes and $400 million of its Floating Rate Senior Bank Notes on July 18, 2025. These notes were originally due in August 2025.

The redemption price for each series will be equal to the full principal amount plus any accrued and unpaid interest up to, but not including, the redemption date. After this date, interest on these notes will cease to accrue.

Payments for the redemption will be processed through The Depository Trust Company, with Citibank, N.A. serving as the U.S. registrar and paying agent.

Bank of America Corporation is a leading financial institution providing a wide range of services globally. It serves approximately 69 million clients in the United States with thousands of financial centers and ATMs and offers digital banking solutions to millions.

Investors can reach out to Lee McEntire or Jonathan G. Blum at Bank of America for further information regarding this announcement. Reporters may contact Jocelyn Seidenfeld for inquiries.

###

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS