Bank of America to Redeem $6.15 Billion in Senior Notes
Bank of America has signaled a major shift in its debt structure, announcing the full redemption of $6.15 billion in senior notes. The move, scheduled for July 22, 2026, targets two specific tranches of debt due in 2027, effectively pulling the securities from the market a year ahead of their maturity date.
The redemption package includes $400 million in floating rate senior notes and $5.75 billion in 1.734% fixed/floating rate senior notes. Investors will receive the full principal amount for both series, alongside accrued interest calculated up to the July 22 redemption date. Beyond this point, interest payments on these specific instruments will cease.
Transactions will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company acting as the trustee and paying agent. This early payoff reflects the bank's active management of its capital obligations as it continues to navigate its extensive financial portfolio across global markets.
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