Bank of America to Redeem $3.5 Billion of Outstanding Debt

MT Newswires Live03-25

Bank of America (BAC) said Tuesday it will redeem $3.5 billion of outstanding debt on April 2.

The bank will redeem $500 million floating rate senior notes due April 2026 and $3 billion 3.384% fixed-to-floating rate senior notes due April 2026, for 100% of the principal amount, plus accrued and unpaid interest.

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