Bond America Bank 0% ( XS0827995670 ) in USD

Issuer	America Bank
Market price	100 % ⇌
Country	United States
ISIN code	XS0827995670 ( in USD )
Interest rate	0%
Maturity	20/09/2032
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Minimal amount	1 000 000 USD
Total amount	50 000 000 USD
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 analysis of a debt instrument issued by Bank of America, a prominent United States-based global financial services institution, reveals key details for potential investors. This specific bond, identified by the ISIN code XS0827995670, originates from an issuance in the United States and is currently quoted on the market at 100% of its par value, denominated in US Dollars (USD). Notably, the instrument features a 0% interest rate, indicating no periodic coupon payments. The total size of this particular bond issuance amounts to 50,000,000 USD, with a minimum purchase size set at 1,000,000 USD, catering primarily to institutional or high-net-worth investors. The bond carries a maturity date of September 20, 2032, providing a long-term investment horizon, and although the coupon rate is zero, the specified payment frequency is 2, which typically signifies semi-annual payment schedules in conventional bond structures.