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Bank of America Announces Redemption of CAD400,000,000 Floating Rate Senior Notes, Due March 2026

  • Bank of America Corporation will redeem CAD400,000,000 of its Floating Rate Senior Notes on March 16, 2025, at a price of 100% of the principal amount plus interest accrued to the redemption date.
  • The payment for the redemption will occur on the next business day, March 17, 2025, since March 16 is not a business day.
  • Interest on the Notes will stop accruing on the redemption date as stated by Bank of America Corporation.
  • Bank of America provides services to approximately 69 million clients across the United States and in over 35 countries, according to their announcement.
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Business DailyBusiness Daily

Bank of America announces redemption plan for CAD400M senior notes due March 2026

Bank of America Corporation has announced its plan to redeem all CAD400,000,000 principal amount outstanding of its Floating Rate Senior Notes due March 2026. The redemption is set for March 16, 2025, at a price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. As March 16 is not a business day, payment will be made on the next business day, March 17, 2025. Interest on these notes w…

·Arizona, United States
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The Laconia Daily SunThe Laconia Daily Sun
+27 Reposted by 27 other sources

Bank of America Announces Redemption of CAD400,000,000 Floating Rate Senior Notes, Due March 2026

CHARLOTTE, N.C., March 7, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 16, 2025 all CAD400,000,000 principal amount outstanding of its Floating Rate Senior Notes, due March 2026 (CUSIP No. 060505GE8, ISIN: CA060505GE87)…

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modernreaders.commodernreaders.com

Bank of America (NYSE:BAC) Stock Rating Upgraded by Baird R W

Bank of America (NYSE:BAC) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports. A number of other brokerages have also issued reports on BAC. Citigroup upgraded Bank of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $54.00 in a research note on Friday, November 8th. Wells Fargo & Company …

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stocktitan.netstocktitan.net

Major Bond Move: Bank of America's CAD400M Early Note Redemption Signals Strategy Shift

Bank of America will redeem CAD400M floating rate senior notes at 100% principal plus interest. Payment through CDS scheduled for March 17, 2025.

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The Sentinel broke the news in Carlisle, United States on Friday, March 7, 2025.
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