Bond Bank of America Corporation 0% ( US06050MBS52 ) in USD
| Issuer | Bank of America Corporation | ||||||||
| Market price | |||||||||
| Country | United States
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| ISIN code |
US06050MBS52 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 28/12/2041 | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||
| Total amount | 25 000 000 USD | ||||||||
| Cusip | 06050MBS5 | ||||||||
| Standard & Poor's ( S&P ) rating | A- ( Upper medium grade - Investment-grade ) | ||||||||
| Moody's rating | A1 ( 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. An examination of a specific bond issuance, identified by ISIN US06050MBS52 and CUSIP 06050MBS5, offers insight into the fixed-income landscape, with this particular instrument being a long-term, USD-denominated bond issued by Bank of America Corporation, a prominent financial services company and one of the largest banking institutions in the United States, which is currently priced at 100% of its par value on the market and notable for its zero-coupon structure, implying a 0% interest rate with no periodic coupon payments and a return realized from the difference between its purchase price and its face value upon its maturity on December 28, 2041; this $25,000,000 total issue size bond, originating from the United States, is available with a minimum purchase increment of $1,000, and its creditworthiness is affirmed by an 'A-' rating from Standard & Poor's and an 'A1' rating from Moody's Investors Service, reflecting the issuer's strong financial standing and capacity to meet its obligations. |
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