Bond America Bank 3.004% ( US06051GHC69 ) in USD
Issuer | America Bank | ||
Market price | 100 % ▲ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 3.004% per year ( payment 2 times a year) | ||
Maturity | 19/12/2023 - Bond has expired | ||
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Minimal amount | 1 000 USD | ||
Total amount | 5 991 837 000 USD | ||
Cusip | 06051GHC6 | ||
Standard & Poor's ( S&P ) rating | A- ( Upper 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 recently matured fixed-income instrument, specifically an obligation issued by Bank of America, successfully completed its repayment on December 19, 2023, as confirmed by its full redemption. This bond, identified by ISIN US06051GHC69 and CUSIP 06051GHC6, was part of a significant issuance originating from the United States. Bank of America, a global financial services leader headquartered in the U.S., provides a wide array of banking, investment, asset management, and other financial and risk management products and services to consumers, businesses, and institutions worldwide, underscoring its pivotal role in the financial markets. The bond was denominated in USD and featured a coupon rate of 3.004%, with interest payments distributed semi-annually. The total size of this particular issue reached $5,991,837,000, with a minimum purchase increment set at $1,000. Upon its maturity, the bond was valued at 100% of its face value, reflecting the principal repayment to investors. The credit quality of this issuance was affirmed by leading rating agencies: Standard & Poor's assigned an 'A-' rating, and Moody's provided an 'A2' rating, both signifying the issuer's strong capacity to meet its financial obligations throughout the bond's lifecycle. |