Bond America Bank 11.7% ( XS0538971184 ) in BRL

Issuer	America Bank
Market price	100 % ⇌
Country	United States
ISIN code	XS0538971184 ( in BRL )
Interest rate	11.7% per year ( payment 2 times a year)
Maturity	13/09/2020 - Bond has expired
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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. An in-depth analysis of Bank of America's debt instruments highlights the features of a specific bond, ISIN XS0538971184, issued by the globally prominent financial services institution based in the United States, a leading universal bank recognized for its extensive operations across various banking sectors. This particular fixed-income security carried a notable annual interest rate of 11.7% and offered biannual coupon payments to its holders. Denominated in Brazilian Reals (BRL), reflecting a strategic approach to specific international markets, the bond was trading at 100% of its par value on the market leading up to its conclusion. The instrument successfully reached its scheduled maturity date on September 13, 2020, at which point it was fully redeemed, ensuring all principal and final interest obligations were met for investors.