Bond America Bank Corporation 0% ( US06048WWK25 ) in USD

Issuer	America Bank Corporation
Market price	98.925 % ⇌
Country	United States
ISIN code	US06048WWK25 ( in USD )
Interest rate	0%
Maturity	18/05/2025 - Bond has expired
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Minimal amount	1 000 USD
Total amount	2 500 000 USD
Cusip	06048WWK2
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A1 ( Upper medium grade - Investment-grade )
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. This financial article details a specific bond (ISIN: US06048WWK25; CUSIP: 06048WWK2) issued by Bank of America Corporation, a leading American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina, renowned globally for its comprehensive array of banking, investing, asset management, and risk management products and services offered to a broad spectrum of clients; this particular bond, issued in the United States and denominated in USD, had a total issue size of 2,500,000 units with a minimum purchase increment of 1,000 units, featured a zero-percent (0%) interest rate, indicating characteristics of a zero-coupon instrument despite a stated payment frequency of two, and was last recorded on the market at 98.925% of par prior to its maturity on May 18, 2025, having since been fully redeemed; the issuer, Bank of America Corporation, held strong credit ratings of A- from Standard & Poor's (S&P) and A1 from Moody's at the time, reflecting its robust financial standing.