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.
This financial article provides an overview of the perpetual bond, identified by ISIN US060505FP42 (CUSIP: 060505FP4), issued by Bank of America, a leading financial institution based in the United States renowned for its extensive banking, investing, asset management, and other financial and risk management products and services to consumers, small and middle-market businesses, and large corporations globally. This debt instrument, denominated in USD and issued from the United States, currently maintains a market price at 100% of its par value and offers a fixed annual interest rate of 5.125%, with payments distributed semi-annually. The total issue size for this security is $1,000,000,000, with a minimum purchase amount set at $1,000. Characterized by its perpetual maturity, this bond does not have a set repayment date, implying an ongoing stream of coupon payments, and has received a BBB- credit rating from Standard & Poor's, indicating its standing within the investment-grade category.
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United States
US060505FP42 ( in USD )
