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Bank of America to redeem floaters, fixed-to-floaters, both due 2025
By Wendy Van Sickle
Columbus, Ohio, April 17 – Bank of America Corp. announced the upcoming early redemption of its $500 million outstanding floating-rate senior notes due in April 2025 (Cusip: 06051GKT5) and $2 billion outstanding 3.841% fixed-to-floating rate notes also due in April 2025 (Cusip: 06051GKS7), according to a press release.
For both notes, the redemption price will be par plus interest to the redemption date of April 25.
Payment will be made through Depository Trust Co.
Bank of New York Mellon Trust Co., NA is the trustee.
The financial services company is based in Charlotte, N.C.
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