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LONDON - Bank of America Corporation announced Friday it will redeem all outstanding €1.75 billion ($1.9 billion) of its 1.949% Fixed/Floating Rate Senior Notes ahead of their original 2026 maturity date.
The financial institution will redeem the notes on October 27, 2025, according to a statement based on a company press release. The notes were originally scheduled to mature on October 27, 2026.
Holders of the notes will receive the Optional Redemption Amount of €1,000 per €1,000 calculation amount, plus accrued and unpaid interest up to, but excluding, the redemption date.
The notes (ISIN:XS2462324232) were issued under Bank of America’s $65 billion Euro Medium-Term Note Program. The early redemption is being executed in accordance with Condition 6(c) of the Terms and Conditions of the Notes and paragraph 22 of the Final Terms dated April 22, 2022.
Following the redemption, Bank of America will request that the Financial Conduct Authority cancel the listing of the notes on its Official List. The company will also ask the London Stock Exchange to cancel the admission to trading on its regulated market as soon as practicable after the October 27 redemption date.
The bank has submitted a copy of the redemption notice to the National Storage Mechanism, where it will be available for inspection.
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