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LONDON - Bank of America Corporation announced Friday it will redeem all outstanding €2 billion Floating Rate Senior Notes due September 22, 2026, approximately one year ahead of their scheduled maturity date.
The redemption will take place on September 22, 2025, with noteholders receiving the Optional Redemption Amount of €1,000 per €1,000 calculation amount, plus accrued and unpaid interest to, but excluding, the redemption date, according to a company statement.
Following the redemption, Bank of America will request the Financial Conduct Authority to cancel the listing of these notes on the Official List and will ask the London Stock Exchange to cancel their admission to trading on its regulated market.
The notes (ISIN:XS2387929834) were originally issued on September 20, 2021, under Bank of America’s U.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 September 20, 2021, as stated in the press release.
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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