Bank of America, N.A. has announced its plan to redeem all of its outstanding 5.650% Senior Bank Notes amounting to $2 billion and its Floating Rate Senior Bank Notes totaling $400 million, both due in August 2025. The redemption will occur on July 18, 2025, with the redemption price set at 100% of the principal amount for each series, plus any accrued and unpaid interest up to the redemption date. Interest on these notes will cease to accrue after the redemption date. Payment of the redemption price will be facilitated through The Depository Trust Company, with Citibank, N.A. serving as the U.S. registrar and paying agent. This move reflects Bank of America's ongoing efforts to manage its debt obligations efficiently.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY28203) on July 10, 2025, and is solely responsible for the information contained therein.