BofA Smashes Bank Issuance Record Raising $15 Billion via Six-Trancher

Invest in curated bond portfolios with just $10kLearn More

We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.

Bond Market News

April 19, 2021

Financial Institution Bonds

Bank of America raised $15bn via a six-part offering, overtaking JPMorgan’s $13bn issuance just a day prior to set the record for the largest bank bond issuance ever.

Two of the six tranches, the 0.976% 2025s and 0.98% 2027s are floaters linked to the SOFR. The SEC registered bonds have expected ratings of A2/A-/A- and proceeds from the offering will be used for general corporate purposes. All the fixed-coupon bonds have a make whole call or a par call within 1Y prior to maturity and 1 month before maturity.

Share this

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

UPL, China Fortune, Ronshine Launch $ Bonds; GE Raises $3bn via Bonds; Commerzbank & ABN Sell EUR AT1s

June 9, 2020

Tata Motors Downgraded; BoE Ramps Up Purchases by £100bn; ECB Offers Loans to Banks at -1%

June 19, 2020

CCB, Aoyuan Launch Bonds; Fed Dot Plot Shows Low Rates Through 2023; Delta Issues Largest Airline Debt; Argentina Tightens FX Policy

September 17, 2020

Our Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Disclaimer

Cookies Policy

Security

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960

Bond Market News

BofA Smashes Bank Issuance Record Raising $15 Billion via Six-Trancher

Financial Institution Bonds

Looking for more ?