Bond America Bank Corporation 0% ( US59022CAA18 ) in USD

Issuer	America Bank Corporation
Market price	100.23 % ▼
Country	United States
ISIN code	US59022CAA18 ( in USD )
Interest rate	0%
Maturity	15/09/2026
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Minimal amount	100 000 USD
Total amount	425 000 000 USD
Cusip	59022CAA1
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( 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 analysis provides details on a specific debt instrument issued by Bank of America Corporation, a leading American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina, recognized for its extensive range of banking, investing, asset management, and other financial services offered to a diverse client base globally, underpinning its strong market presence and credit profile. The bond, identified by ISIN US59022CAA18 and CUSIP 59022CAA1, is currently trading at 100.23% of its par value on the market and is denominated in USD. Notably, this security is a zero-coupon bond, implying a 0% interest rate and therefore no periodic interest payments to bondholders. The total issue size for this offering amounts to $425,000,000, with a minimum investment requirement of $100,000 per purchase. Set to mature on September 15, 2026, and issued from the United States, the bond's stated payment frequency is 2, which for a zero-coupon instrument typically refers to the frequency of yield calculation or compounding rather than coupon disbursements. Its credit quality is assessed by reputable rating agencies, receiving a BBB+ rating from Standard & Poor's and an A3 rating from Moody's, positioning it within the investment-grade category.