Bond America Bank 0% ( US06050TKX99 ) in USD

Issuer America Bank
Market price 100 %  ⇌ 
Country  United States
ISIN code  US06050TKX99 ( in USD )
Interest rate 0%
Maturity 15/06/2017 - Bond has expired



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Minimal amount 250 000 USD
Total amount 600 000 000 USD
Cusip 06050TKX9
Standard & Poor's ( S&P ) rating BBB+ ( Lower medium grade - Investment-grade )
Moody's rating A2 ( Upper medium grade - Investment-grade )
Detailed description Bank of America is a multinational investment bank and financial services corporation headquartered in Charlotte, North Carolina, offering a wide range of financial products and services to individual and corporate clients globally.

A comprehensive review of the fixed-income landscape includes an examination of specific debt instruments, such as the obligation identified by ISIN code US06050TKX99 and CUSIP 06050TKX9, issued by Bank of America. As a leading global financial institution headquartered in the United States, Bank of America provides a broad spectrum 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 robust market presence and diversified operations underpin its credit profile. This particular bond, denominated in USD, was notably characterized by a 0% interest rate, suggesting it functioned as a zero-coupon instrument, and represented a total issuance size of $600,000,000. The minimum investment for this security was $250,000. Its designated maturity date was June 15, 2017, at which point it reached its full term and was reimbursed, reflected by a market price of 100% upon redemption. Despite its zero-coupon nature, the bond structure indicated a payment frequency of 2, typically associated with semi-annual periods for coupon-bearing bonds, though for this instrument, it would pertain to the single principal repayment at maturity. Before its maturity, the bond carried credit ratings of BBB+ from Standard & Poor's (S&P) and A2 from Moody's, reflecting the issuer's credit standing and the instrument's risk assessment by prominent rating agencies.