Bond America Bank Corporation 4.376% ( US50076QAL05 ) in USD

Issuer	America Bank Corporation
Market price	100 % ⇌
Country	United States
ISIN code	US50076QAL05 ( in USD )
Interest rate	4.376% per year ( payment 2 times a year)
Maturity	08/02/2040
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Minimal amount	2 000 USD
Total amount	2 250 000 000 USD
Cusip	50076QAL0
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	09/08/2025 ( In 8 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. Bank of America Corporation, one of the world's largest financial institutions headquartered in the United States, has an outstanding fixed-income security, identifiable by ISIN US50076QAL05 and CUSIP 50076QAL0. As a leading global financial services company, Bank of America provides a comprehensive array 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, institutional investors, and governments across the globe. This particular bond, issued in USD, features a fixed coupon rate of 4.376% and boasts a significant total issuance size of $2,250,000,000. With a maturity date set for February 8, 2040, it represents a long-term investment opportunity, with interest payments structured on a semi-annual basis, providing regular income streams to bondholders. The current market price for this instrument stands at 100% of its par value, reflecting its valuation in the secondary market. For prospective investors, the minimum purchase size is set at $2,000. The bond's creditworthiness is assessed by prominent rating agencies: Standard & Poor's has assigned a rating of BBB, while Moody's has provided a Baa2 rating. Both ratings categorize this bond within the investment-grade spectrum, reflecting the issuer's strong capacity to meet its financial commitments, albeit with slightly greater susceptibility to adverse economic conditions than higher-rated debt. The bond's issuance country is the United States.