Bank of America Redeems $2.8B and €1.75B Senior Notes
Analysis based on 9 articles · First reported Mar 02, 2026 · Last updated Mar 03, 2026
The redemption of these senior notes by Bank of America Corporation is a routine financial management action that will reduce the company's debt obligations and interest expenses. This move is generally viewed positively by the market as it indicates a healthy financial position and efficient capital management.
Bank of America Corporation announced the redemption of two series of senior notes. On March 11, 2026, it will redeem all $2.8 billion principal amount outstanding of its 1.658% Fixed/Floating Rate Senior Notes, due March 2027. Additionally, on March 10, 2026, it will redeem all €1.75 billion principal amount outstanding of its Floating Rate Senior Notes, due March 10, 2027. Both redemptions will be at 100% of the principal amount plus accrued and unpaid interest. BNY Trust Company, N.A. is the trustee and paying agent for the dollar-denominated notes, while Citigroup===Citibank, N.A., London Branch and Citigroup===Citibank Europe plc are the Principal Agent and Registrar, respectively, for the euro-denominated notes. Bank of America will also request the United Kingdom===Financial Conduct Authority and the London Stock Exchange to cancel the listing and admission to trading for the euro notes.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard