New bond issue: Bank of America Corp. issued international bonds for USD 2,000.0m maturing in 2038.

April 20, 2017 - Cbonds

 

Bank of America Corp. issued international bonds for USD 2,000.0m maturing in 2038. Bonds were sold at a price of 100%. Bookrunner: Bank of America Merrill Lynch
Depository: Euroclear Bank, Clearstream Banking S.A..
Share:
Issuer, issue numberBank of America Corp., 4.244% 24apr2038, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 2,000
Amount2,000,000,000
ISINUS06051GGM50
End of placement04/19/2017
Initial issue price100
Coupon4.244% (s/a, 30/360) to 24.04.2037, then 3M LIBOR USD+1.814% (qrtrl, act/360)
Coupon frequency2 time(s) per year
Settlement date04/24/2017
Maturity date04/24/2038
Issue ManagersBookrunner: Bank of America Merrill Lynch Depository: Euroclear Bank, Clearstream Banking S.A.
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