New bond issue: Bank of America Corp. issued bonds for USD 2,500.0m maturing in 2028 with a 3.824% coupon.

January 19, 2017 - Cbonds

 

Bank of America Corp. issued bonds for USD 2,500.0m maturing in 2028 with a 3.824% coupon. Bonds were sold at a price of 100%. Bookrunner: Bank of America Merrill Lynch.
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Issuer, issue numberBank of America Corp., 3.824% 20jan2028, USD
Type of debt instrumentDomestic bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 1,000
Amount2,500,000,000
ISINUS06051GGF00
End of placement01/17/2017
Initial issue price100
Coupon3.824% (s/a, 30/360) to 20.01.2027, then 3M LIBOR+1.575% (quarterly, act/360)
Coupon frequency2 time(s) per year
Settlement date01/20/2017
Maturity date01/20/2028
Issue ManagersBookrunner: Bank of America Merrill Lynch
Issuer: Bank of America Corp.
Issuer profile:
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle ma... more
Outstanding issues:
147 issuesUSD135,414,201,650
43 issuesEUR28,075,950,000
3 issuesCAD1,900,000,000
2 issuesCHF510,000,000
6 issuesGBP4,350,000,000
3 issuesJPY195,000,000,000
7 issuesAUD2,850,000,000
2 issuesHKD346,000,000
3 issuesMXN2,700,000,000
Issuer rating:
Moody's Investors ServiceBaa1/PositiveLT- foreign currency01/24/2017
S&P Global RatingsBBB+/StableForeign Currency LT12/02/2015
S&P Global RatingsBBB+/StableLocal Currency LT12/02/2015
Fitch RatingsA/StableLT Int. Scale (foreign curr.)12/13/2016