- Bank of America (BAC, Financial) to redeem €1.25 billion of Senior Notes on May 9, 2025.
- Noteholders to receive €1,000 per €1,000 Calculation Amount plus accrued interest.
- The redemption will lead to delisting from the Financial Conduct Authority's Official List and the London Stock Exchange.
Bank of America (BAC) has announced the redemption of €1.25 billion of its 0.808% Fixed/Floating Rate Senior Notes, originally due on May 9, 2026. The redemption is scheduled to occur on May 9, 2025. Noteholders will receive €1,000 per €1,000 Calculation Amount, along with any accrued interest. This action will result in the cessation of interest accrual from the redemption date.
Issued under BAC's €65 billion Euro Medium-Term Note Program, these Notes will have their redemption payments processed through Euroclear Bank SA/NV and Clearstream Banking, with Citibank, N.A., London Branch serving as the Principal Agent for the transaction. Additionally, Bank of America intends to request the delisting of these Notes from the Financial Conduct Authority's Official List and the London Stock Exchange following the redemption.
Bank of America is a major financial institution with a presence in over 35 countries, serving approximately 69 million consumer and small business clients. The bank offers a comprehensive range of banking, investing, asset management, and risk management services. With about 3,700 retail financial centers and 15,000 ATMs, BAC also boasts a robust digital banking platform with approximately 59 million verified digital users.
