Bond America Bank Corporation 5% ( US06051GFC87 ) in USD
Issuer | America Bank Corporation | ||
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ISIN code |
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Interest rate | 5% per year ( payment 2 times a year) | ||
Maturity | 20/01/2044 | ||
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Minimal amount | / | ||
Total amount | / | ||
Cusip | 06051GFC8 | ||
Standard & Poor's ( S&P ) rating | A- ( Upper medium grade - Investment-grade ) | ||
Moody's rating | A1 ( Upper medium grade - Investment-grade ) | ||
Next Coupon | 21/01/2026 ( In 173 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. This financial article details an outstanding bond issued by Bank of America Corporation, a prominent global financial institution headquartered in the United States. As one of the world's largest banks, Bank of America provides a full spectrum of banking, investing, asset management, and other financial and risk management products and services to a diverse clientele ranging from individual consumers to large corporations, underpinning its significant presence and stability in the global financial landscape. The specific debt instrument under review, identified by ISIN US06051GFC87 and CUSIP 06051GFC8, is a U.S. dollar-denominated obligation with a fixed annual interest rate of 5%, payable semi-annually. Issued from the United States, this bond is set to mature on January 20, 2044, offering a long-term investment horizon. Currently trading on the market at 93.35% of its par value, it presents a yield to maturity potentially higher than its coupon rate, alongside the prospect of capital appreciation as it approaches par at maturity. Its creditworthiness is underscored by strong investment-grade ratings from leading agencies: A- from Standard & Poor's and A1 from Moody's, reflecting a solid capacity to meet its financial commitments. |