Bank of America (BAC) said Tuesday that it will redeem all 27.8 billion yen ($176.3 million) worth of the principal amount outstanding of its 0.534% fixed/floating rate senior notes due March 18, 2027.
The company said the redemption will be made on March 18, at which time interest on the notes will stop accruing.
Shares of Bank of America were down 1.5% pre-bell.
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