Bank of America, N.A. Announces Redemptions of $2,000,000,000 5.650% Senior Bank Notes and $400,000,000 Floating Rate Senior Bank Notes, Due August 2025
Bank of America (NYSE: BAC) has announced the redemption of two series of Senior Bank Notes due August 2025: $2 billion of 5.650% Fixed Rate Notes and $400 million of Floating Rate Notes. The redemption will occur on July 18, 2025, with both series being redeemed at 100% of their principal amount plus accrued and unpaid interest.
The redemption will be processed through The Depository Trust Company, with Citibank, N.A. serving as the U.S. registrar and paying agent. Bank of America currently serves approximately 69 million consumer and small business clients through its network of 3,700 retail centers and 15,000 ATMs, with 59 million verified digital users.
Bank of America (NYSE: BAC) ha annunciato il rimborso di due serie di Senior Bank Notes con scadenza ad agosto 2025: 2 miliardi di dollari di Note a tasso fisso al 5,650% e 400 milioni di dollari di Note a tasso variabile. Il rimborso avverrà il 18 luglio 2025, con entrambe le serie rimborsate al 100% del capitale più gli interessi maturati e non pagati.
Il rimborso sarà effettuato tramite The Depository Trust Company, con Citibank, N.A. che fungerà da registrar e agente pagatore negli Stati Uniti. Bank of America serve attualmente circa 69 milioni di clienti consumer e piccole imprese attraverso la sua rete di 3.700 filiali e 15.000 sportelli ATM, con 59 milioni di utenti digitali verificati.
Bank of America (NYSE: BAC) ha anunciado el rescate de dos series de Senior Bank Notes con vencimiento en agosto de 2025: 2 mil millones de dólares en Notas a Tasa Fija del 5,650% y 400 millones de dólares en Notas a Tasa Variable. El rescate se realizará el 18 de julio de 2025, con ambas series rescatadas al 100% de su valor nominal más intereses acumulados y no pagados.
El rescate se procesará a través de The Depository Trust Company, con Citibank, N.A. como registrador y agente pagador en EE.UU. Bank of America actualmente atiende a aproximadamente 69 millones de clientes consumidores y pequeñas empresas mediante su red de 3,700 sucursales y 15,000 cajeros automáticos, con 59 millones de usuarios digitales verificados.
Bank of America (NYSE: BAC)는 2025년 8월 만기인 두 가지 시리즈의 Senior Bank Notes 상환을 발표했습니다: 20억 달러의 5.650% 고정금리 노트와 4억 달러의 변동금리 노트입니다. 상환은 2025년 7월 18일에 이루어지며, 두 시리즈 모두 원금 100%와 미지급 이자를 포함하여 상환됩니다.
상환은 The Depository Trust Company를 통해 진행되며, Citibank, N.A.가 미국 내 등록기관 및 지급 대행자로 역할을 합니다. Bank of America는 현재 3,700개의 소매 지점과 15,000개의 ATM 네트워크를 통해 약 6,900만 명의 소비자 및 중소기업 고객에게 서비스를 제공하며, 5,900만 명의 인증된 디지털 사용자를 보유하고 있습니다.
Bank of America (NYSE : BAC) a annoncé le remboursement de deux séries de Senior Bank Notes arrivant à échéance en août 2025 : 2 milliards de dollars de titres à taux fixe de 5,650 % et 400 millions de dollars de titres à taux variable. Le remboursement aura lieu le 18 juillet 2025, les deux séries étant remboursées à 100 % de leur montant principal plus les intérêts courus et non payés.
Le remboursement sera traité via The Depository Trust Company, avec Citibank, N.A. en tant que registraire et agent payeur aux États-Unis. Bank of America dessert actuellement environ 69 millions de clients particuliers et petites entreprises via son réseau de 3 700 agences et 15 000 distributeurs automatiques, avec 59 millions d’utilisateurs numériques vérifiés.
Bank of America (NYSE: BAC) hat die Rückzahlung von zwei Serien von Senior Bank Notes mit Fälligkeit im August 2025 angekündigt: 2 Milliarden US-Dollar an festverzinslichen Notes mit 5,650% und 400 Millionen US-Dollar an variabel verzinslichen Notes. Die Rückzahlung erfolgt am 18. Juli 2025, wobei beide Serien zu 100% ihres Nennwerts zuzüglich aufgelaufener und nicht gezahlter Zinsen zurückgezahlt werden.
Die Rückzahlung wird über The Depository Trust Company abgewickelt, wobei Citibank, N.A. als US-Registrar und Zahlstelle fungiert. Bank of America betreut derzeit rund 69 Millionen Verbraucher- und Kleinunternehmenskunden über ihr Netzwerk von 3.700 Filialen und 15.000 Geldautomaten, mit 59 Millionen verifizierten digitalen Nutzern.
- Early redemption demonstrates strong liquidity position
- Full principal repayment at 100% shows financial stability
- Holders of the notes will lose future interest payments from these securities
Insights
Bank of America is redeeming $2.4 billion in senior notes ahead of maturity, demonstrating strong liquidity position and proactive debt management.
Bank of America's announcement to redeem
The redemption comprises
This transaction represents a relatively modest balance sheet adjustment for a bank of BAC's size, with total assets exceeding
By redeeming these notes approximately one month before their maturity date, BAC is effectively shortening its debt duration slightly while potentially preparing to reposition its funding structure in anticipation of changing market conditions or regulatory requirements.
The redemption price for each series of the Notes will be equal to
Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. Citibank, N.A. is the
Bank of America
Bank of America Corporation, the parent company of Bank of America, N.A., 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
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
FAQ
What is the total amount of notes being redeemed by Bank of America (BAC)?
When will Bank of America (BAC) redeem these Senior Bank Notes?
What is the redemption price for BAC's Senior Bank Notes?
How many retail financial centers and ATMs does Bank of America currently operate?
Who is the paying agent for BAC's Senior Bank Notes redemption?
