Bank of America Announces Redemption of $2,000,000,000 2.456% Fixed/Floating Rate Senior Notes, Due October 2025
Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 2.456% Fixed/Floating Rate Senior Notes, due October 2025. The redemption will occur on October 22, 2024, with the redemption price set at 100% of the principal amount plus accrued and unpaid interest. Interest on the Notes will cease to accrue on the redemption date.
The redemption will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as the trustee and paying agent. This move demonstrates Bank of America's active management of its debt obligations and could potentially impact its financial structure.
Bank of America (NYSE: BAC) ha annunciato il riscatto di 2 miliardi di dollari in Note Senior a Tasso Fisso/Variabile del 2,456%, in scadenza a ottobre 2025. Il riscatto avverrà il 22 ottobre 2024, con il prezzo di riscatto fissato al 100% dell'importo principale più gli interessi maturati e non pagati. Gli interessi sulle Note cesseranno di maturare alla data di riscatto.
Il riscatto sarà elaborato tramite The Depository Trust Company, con The Bank of New York Mellon Trust Company, N.A. in qualità di fiduciario e agente di pagamento. Questa mossa dimostra la gestione attiva da parte di Bank of America delle sue obbligazioni debitorie e potrebbe avere un impatto sulla sua struttura finanziaria.
Bank of America (NYSE: BAC) ha anunciado la redención de 2 mil millones de dólares en Notas Senior a Tasa Fija/Flotante del 2,456%, con vencimiento en octubre de 2025. La redención ocurrirá el 22 de octubre de 2024, con el precio de redención establecido en el 100% del monto principal más los intereses acumulados y no pagados. Los intereses de las Notas dejarán de acumularse en la fecha de redención.
La redención se procesará a través de The Depository Trust Company, con The Bank of New York Mellon Trust Company, N.A. actuando como fiduciario y agente de pago. Este movimiento demuestra la gestión activa de Bank of America sobre sus obligaciones de deuda y podría impactar su estructura financiera.
뱅크 오브 아메리카(Bank of America, NYSE: BAC)는 2025년 10월 만기인 20억 달러의 2.456% 고정/변동 금리 선급채권을 상환한다고 발표했습니다. 상환은 2024년 10월 22일에 이루어지며, 상환 가격은 원금의 100%와 발생한 미지급 이자를 더한 금액으로 설정됩니다. 상환일에 이자 지급은 중단됩니다.
상환은 예탁청을 통해 처리되며, 뱅크 오브 뉴욕 멜론 신탁회사(The Bank of New York Mellon Trust Company, N.A.)가 수탁자 및 지급 대행 역할을 합니다. 이 조치는 뱅크 오브 아메리카가 채무 의무를 능동적으로 관리하고 있음을 보여주며 재무 구조에 영향을 미칠 수 있습니다.
Bank of America (NYSE: BAC) a annoncé le remboursement de 2 milliards de dollars d'Obligations Senior à Taux Fixe/Variable de 2,456%, arrivant à échéance en octobre 2025. Le remboursement aura lieu le 22 octobre 2024, le prix de remboursement étant fixé à 100% du montant principal plus les intérêts accumulés et impayés. Les intérêts sur les obligations cesseront de courir à la date de remboursement.
Le remboursement sera traité par The Depository Trust Company, avec The Bank of New York Mellon Trust Company, N.A. agissant en tant que fiduciaire et agent de paiement. Cette démarche démontre la gestion active des obligations de dette par Bank of America et pourrait potentiellement impacter sa structure financière.
Die Bank of America (NYSE: BAC) hat die Rückzahlung von 2 Milliarden Dollar in 2,456% festen/variablen Senior-Anleihen, die im Oktober 2025 fällig werden, bekannt gegeben. Die Rückzahlung erfolgt am 22. Oktober 2024, wobei der Rückzahlungspreis auf 100% des Nennbetrags zuzüglich aufgelaufener und unbezahlter Zinsen festgelegt ist. Die Zinsen auf die Anleihen hören am Tag der Rückzahlung auf zu laufen.
Die Rückzahlung wird über die Depository Trust Company abgewickelt, wobei die Bank of New York Mellon Trust Company, N.A. als Treuhänder und Zahlstelle fungiert. Dieser Schritt zeigt das aktive Management der Schuldenverpflichtungen durch die Bank of America und könnte Konsequenzen für ihre Finanzstruktur haben.
- Proactive management of debt obligations
- Potential reduction in interest expenses
- None.
Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the Notes.
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
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, 2023, 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.
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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 Bank of America (BAC) notes being redeemed on October 22, 2024?
What is the redemption price for Bank of America's (BAC) 2.456% Fixed/Floating Rate Senior Notes?
When will interest cease to accrue on Bank of America's (BAC) redeemed notes?
Who is the trustee and paying agent for Bank of America's (BAC) 2.456% Fixed/Floating Rate Senior Notes?
