Bank of America To Redeem Its Floating Rate Senior Notes Due October 2024 And 0.810% Fixed/Floating Rate Senior Notes Due October 2024
Portfolio Pulse from Benzinga Newsdesk
Bank of America (BAC) has announced its intention to redeem its Floating Rate Senior Notes due October 2024 and 0.810% Fixed/Floating Rate Senior Notes due October 2024.

October 13, 2023 | 6:35 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bank of America's decision to redeem its senior notes due October 2024 may impact its short-term liquidity but could also reduce its long-term debt obligations.
The redemption of these notes will reduce Bank of America's long-term debt obligations, which could be seen as a positive move by investors. However, it may also impact the bank's short-term liquidity, as funds will be needed to redeem these notes. The overall impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100