New bond issue: Bank of America Corp. issued international bonds for CAD 1,000.0m maturing in 2023 with a 2.604% coupon.

April 05, 2017 - Cbonds

 

Bank of America Corp. issued international bonds for CAD 1,000.0m maturing in 2023 with a 2.604% coupon. Bonds were sold at a price of 100%. Bookrunner: Bank of Montreal, Bank of America Merrill Lynch, RBC Capital Markets, ScotiaBank, TD Securities.
Share:
Issuer, issue numberBank of America Corp., 2.604% 15mar2023, CAD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueCAD 150,000
Amount1,000,000,000
ISINCA060505EZ35
End of placement03/08/2017
Initial issue price100
Coupon2.604% (s/a, 30/360) to 15.03.2022, then 3M CDOR+1.125% (qrtl, act/360)
Coupon frequency2 time(s) per year
Settlement date03/15/2017
Maturity date03/15/2023
Issue ManagersBookrunner: Bank of Montreal, Bank of America Merrill Lynch, RBC Capital Markets, ScotiaBank, TD Securities
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:
148 issuesUSD135,559,364,650
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