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SBP raises Rs981bn through floating rate PIBs

On March 25, 2025, Bank of America Corporation, headquartered in Charlotte, N.C., announced it would redeem $500,000,000 in Floating Rate Senior Notes and $3,000,000,000 in 3.384% Fixed/Floating Rate Senior Notes, both due in April 2026, with the redemptions set for April 2, 2025.
The redemption is for the 'Notes,' encompassing both the Fixed/Floating Rate Notes and the Floating Rate Notes.
The redemption price for each series of Notes will be 100% of the principal amount, plus accrued and unpaid interest up to the redemption date of April 2, 2025, after which interest will cease to accrue.
Bank of America, a leading global financial institution listed on the NYSE under the ticker BAC, serves a wide range of clients and offers diverse financial products and services.
The payments for the Notes redemption will be processed through The Depository Trust Company, but the announcement contains forward-looking statements subject to risks and uncertainties detailed in Bank of America's SEC filings, particularly the Annual Report on Form 10-K for the year ended December 31, 2024.

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Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $3,000,000,000 3.384% Fixed/Floating Rate Senior Notes, Due April 2026

CHARLOTTE, N.C., March 25, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 2, 2025 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKN8) (the "Floating…

5 days ago·Hartford City, United States

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mettisglobal.news

SBP raises Rs981bn through floating rate PIBs

March 26, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs980.51 billion for 2, 5 and 10-year semiannual bonds against a target of Rs450bn. SBP received bid submissions totaling Rs1.31 trillion across various tenors. However, it rejected all bids for the 2-year PIB-PFL (semiannual), while the cut-off price stood at 96.8291 for the 5-year bond and 92.607…

5 days ago

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