Bank of America Announces Redemption of $2 Billion in Senior Notes Due September 2027
Bank of America announced its intention to redeem two series of senior notes totaling $2 billion on September 15, 2026. The redemption includes all $500 million principal amount of Floating Rate Senior Notes and $1.5 billion in Fixed/Floating Rate Senior Notes due in September 2027. Both will be redeemed at par value plus accrued interest up to the redemption date. The company emphasized that this action is part of its ongoing capital management strategy, with payment facilitated through The Depository Trust Company. Bank of America remains one of the largest financial institutions globally and operates across a wide range of services including wealth management, corporate banking, and small business lending in over 35 countries. This move reflects routine debt management practices rather than an indication of broader market or operational issues.
Tickers: $BAC
Topics: debt redemption senior_notes