#United States #Charlotte #Bank of America #Senior Bank Notes #Floater Noted

Bank of America Announces Significant Note Redemptions

In a major announcement made on July 9, 2026, Bank of America, N.A. declared its intent to redeem a substantial amount of its senior bank notes and floating rate bank notes, totaling $2.6 billion. This strategic move involves the redemption of $2 billion in fixed-rate senior bank notes with a 5.526% interest rate and $600 million in floating rate senior bank notes, both due in August 2026. This initiative reflects the bank's ongoing efforts to optimize its capital structure and manage its liability portfolio efficiently.

Details of the Redemption

The redemption of the bank notes is set to occur on July 17, 2026. The redemption price for each series will be equivalent to 100% of the principal amount, in addition to any accrued and unpaid interest up until the redemption date. As of the redemption date, interest on the notes will cease to accrue. Payments relating to this redemption will be processed via The Depository Trust Company, with Citibank, N.A. acting as the U.S. registrar and paying agent for these securities.

About Bank of America

Bank of America stands as one of the world's foremost financial institutions, catering to individual consumers, small and mid-sized enterprises, and large corporations with an extensive range of financial products and services that encompass banking, investing, and asset management. The institution serves nearly 70 million clients throughout the United States, with approximately 3,500 retail financial centers and around 15,000 ATMs available across the country. Furthermore, the bank’s digital banking platform boasts approximately 59 million verified users, showcasing its commitment to technological innovation in the financial sector.

In terms of market standing, Bank of America is a global leader in wealth management, corporate and investment banking, as well as trading across a wide spectrum of asset classes. For small businesses, the bank occupies the top position as the largest small business lender in the United States, providing tailored services to around 4 million small business households. Its comprehensive network spans the United States, its territories, and over 35 other countries worldwide. The Bank of America Corporation is publicly traded on the New York Stock Exchange under the ticker symbol BAC.

Implications for Investors

This move to redeem such a large volume of notes signals Bank of America's proactive approach in managing its financial strategies amidst changing market conditions. Investors and market analysts will be keen to observe the bank's performance post-redemption, particularly regarding its liquidity and future funding strategies. The decision could also enhance the company’s financial stability and position it for future opportunities in an evolving economic landscape.

With the upcoming redemption date approaching, investors, analysts, and stakeholders within the financial community are likely to be focused on how this action will influence Bank of America's overall market performance and investor relations in the coming quarters.

For inquiries, investors may reach out to Lee McEntire or Jonathan G. Blum at Bank of America, while those from the press can contact Jocelyn Seidenfeld for more detailed information.