Bank of America Announces Redemption of €1,750,000,000 1.949% Fixed/Floating Rate Senior Notes, due October 27, 2026
Rhea-AI Summary
Bank of America (NYSE: BAC) will redeem on October 27, 2025 the full €1,750,000,000 principal amount of its 1.949% Fixed/Floating Rate Senior Notes due October 27, 2026 (ISIN XS2462324232).
The redemption price equals the Optional Redemption Amount of €1,000 per €1,000 calculation amount plus accrued and unpaid interest to, but excluding, the redemption date; interest will cease to accrue on the redemption date. Payment will follow Euroclear and Clearstream procedures. Citibank, N.A., London Branch is Principal Agent and Citibank Europe plc is Registrar.
Bank of America will request the FCA and London Stock Exchange to cancel listing and admission to trading for the Notes as soon as practicable after redemption.
Positive
- Redeems €1,750,000,000 of senior notes on Oct 27, 2025
- Interest on the Notes will cease to accrue as of the redemption date
- Redemption at €1,000 per €1,000 preserves principal terms for noteholders
Negative
- Immediate cash outflow to repay €1,750,000,000 principal
- Listing cancellation request may reduce secondary market liquidity for the Notes
News Market Reaction – BAC
In the Oct 17 session, BAC gained 1.67%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Notes were issued under the Bank of America Corporation
Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A.
Citibank, N.A.,
Bank of America Corporation will request the Financial Conduct Authority (the "FCA") to cancel the listing of the Notes on the Official List of the FCA and the London Stock Exchange (the "Exchange") to cancel the admission to trading on the regulated market of the Exchange as soon as practicable after the redemption date.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Forward-Looking Statements
Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Investors may contact
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters may contact
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com
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SOURCE Bank of America Corporation