$Bank of America Corp(BAC-N)$ (BAC) said on Thursday that it will redeem all $2 billion principal amount outstanding of its 5.526% senior bank notes due in August and all $600 million principal amount of its floating rate senior bank notes due in August, on July 17.

The redemption price for each series of notes will equal 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date, the bank said.