Bond America Bank Corporation 4% ( US06048WVR86 ) in USD

Issuer	America Bank Corporation
Market price	101.199 % ⇌
Country	United States
ISIN code	US06048WVR86 ( in USD )
Interest rate	4% per year ( payment 2 times a year)
Maturity	30/01/2038
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Minimal amount	1 000 USD
Total amount	16 000 000 USD
Cusip	06048WVR8
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	NR
Next Coupon	30/01/2026 ( In 182 days )
Detailed description	Bank of America Corporation is a multinational financial services corporation headquartered in Charlotte, North Carolina, offering a wide range of financial products and services to individuals, small businesses, and large corporations worldwide. A specific fixed-income instrument issued by Bank of America Corporation, a prominent financial institution, is currently drawing attention in the bond market. Bank of America Corporation, headquartered in the United States, stands as one of the world's leading financial services companies. With a vast global presence, it offers a comprehensive range of banking, investing, asset management, and other financial and risk management products and services to individual consumers, small and middle-market businesses, and large corporations. Its operations are critical to the financial ecosystem, providing essential capital and liquidity to various sectors. The bond in question, identified by ISIN US06048WVR86 and CUSIP 06048WVR8, is a debt obligation denominated in US Dollars (USD). This particular security features a coupon rate of 4%, with interest payments disbursed semi-annually, reflecting a payment frequency of 2 times per year. The maturity date for this bond is set for January 30, 2038, providing a long-term investment horizon. The total offering size for this issuance amounts to USD 16,000,000, indicating a sizable yet potentially focused placement. Investors looking to acquire this instrument should note the minimum purchase requirement of USD 1,000. As of recent market data, the bond is trading at 101.199% of its par value, suggesting it is priced at a premium in the secondary market. In terms of credit quality, the bond has received a rating of 'A-' from Standard & Poor's (S&P), an internationally recognized credit rating agency. This 'A-' rating typically signifies a strong capacity to meet financial commitments, though it may be somewhat susceptible to adverse economic conditions. It is important to note that Moody's, another leading rating agency, has designated this bond as 'NR' (Not Rated), meaning they have not provided a credit assessment for this specific instrument. Such details are crucial for fixed-income investors evaluating the risk-reward profile of this Bank of America offering within their diversified portfolios.