Bank of America to Redeem CAD1.425 Billion in Senior Notes
News provided byBank of America Corporation · 1 min read
CHARLOTTE, N.C., Sept. 4, 2026 /CourierPR/ -- Bank of America Corporation has announced its plans to redeem all outstanding principal of CAD425,000,000 of its Floating Rate Senior Notes and CAD1,000,000,000 of its 1.978% Fixed/Floating Rate Senior Notes, due in September 2027, effective September 15, 2026.
According to the release, the redemption will be carried out at 100% of the principal amount for each series, along with any accrued and unpaid interest up to, but excluding, the redemption date. Interest on the notes will cease to accrue on the redemption date. The redemption will be processed in accordance with the procedures of CDS Clearing and Depository Services Inc. The Bank of New York Mellon Trust Company, N.A. is serving as the trustee, while Computershare Advantage Trust Company of Canada (formerly known as BNY Trust Company of Canada) will act as the paying agent.
Bank of America, a global financial institution, serves a wide range of clients, from individual consumers to large corporations, offering a comprehensive suite of financial services. The company has a strong presence in the United States, with over 69 million clients served through more than 3,500 retail financial centers, approximately 15,000 ATMs, and a leading position in digital banking with nearly 60 million verified users.
The redemption of these notes is part of the company's ongoing strategy to manage its capital structure and align with its financial goals. Bank of America's commitment to financial stability and its ability to efficiently manage its debt portfolio are key aspects of its corporate strategy.
Forward-looking statements contained in the press release are subject to certain risks and uncertainties that could impact the company's future performance. Investors are advised to review the risk factors detailed in Bank of America's Annual Report on Form 10-K for the year ended December 31, 2025, and in any subsequent filings with the Securities and Exchange Commission.