Bank of America Announces Redemptions of CAD425,000,000 Floating Rate Senior Notes and CAD1,000,000,000 1.978% Fixed/Floating Rate Senior Notes, Due September 2027
Bank of America will redeem on September 15, 2026 the full outstanding CAD425,000,000 of its Floating Rate Senior Notes due September 2027 and the full CAD1,000,000,000 of its 1.978% Fixed/Floating Rate Senior Notes due September 2027, for total principal of CAD1.425 billion. Each series is redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date, and interest on both series ceases to accrue on that date.
Key figures
- Notes maturity
- September 2027
- Redemption date
- 2026-09-15
- Redemption price
- 100% of principal plus accrued and unpaid interest
- Fixed floating coupon
- 1.978%
- Total principal redeemed
- CAD1,425,000,000
- Floating rate notes principal
- CAD425,000,000
- Fixed floating notes principal
- CAD1,000,000,000
AI analysis
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