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ItalianoBond America Bank Corporation 0% ( XS2141717244 ) in USD
| Issuer | America Bank Corporation | ||
| Market price |  100 % ⇌ |
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| Country |  United States
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| ISIN code |
 XS2141717244 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 31/03/2060 | ||
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| Minimal amount | 1 000 000 USD | ||
| Total amount | 724 000 000 USD | ||
| 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. The financial markets note the issuance of a long-dated debt instrument (ISIN: XS2141717244) by Bank of America Corporation, a prominent American multinational investment bank and financial services holding company with extensive operations in commercial banking, wealth management, and investment banking across the United States and globally. This USD-denominated bond, with a total issuance size of $724,000,000 and a minimum purchase size set at $1,000,000, is characterized by a distant maturity date of March 31, 2060, extending its duration significantly into the future. A distinctive feature of this particular offering is its stated interest rate of 0% coupled with a current market price of 100% of its nominal value, which implies that this zero-coupon bond currently trades at par, effectively resulting in a zero yield to maturity, a highly atypical characteristic for a corporate debt instrument of such an extended tenor. |
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