Bank Of America Plans To Redeem On September 25, 2024, All $2B Of Its 0.981% Fixed/Floating Rate Senior Notes, Due September 2025
Portfolio Pulse from Benzinga Newsdesk
Bank of America plans to redeem all $2 billion of its 0.981% fixed/floating rate senior notes on September 25, 2024, which were originally due in September 2025.
September 17, 2024 | 8:17 pm
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Bank of America is set to redeem $2 billion of its senior notes a year earlier than their maturity date. This move could indicate strong liquidity and financial health.
The early redemption of senior notes suggests that Bank of America has sufficient liquidity and financial strength to manage its debt obligations ahead of schedule. This is generally perceived positively by investors as it indicates a strong balance sheet and effective financial management.
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