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ItalianoBond Bank of America 0% ( US06050TKX99 ) in USD
| Issuer | Bank of America | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  United States
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| ISIN code |
 US06050TKX99 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 15/06/2017 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 250 000 USD | ||||||||
| Total amount | 600 000 000 USD | ||||||||
| Cusip | 06050TKX9 | ||||||||
| Standard & Poor's ( S&P ) rating | BBB+ ( Lower medium grade - Investment-grade ) | ||||||||
| Moody's rating | A2 ( Upper medium grade - Investment-grade ) | ||||||||
| 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. A comprehensive review of the fixed-income landscape includes an examination of specific debt instruments, such as the obligation identified by ISIN code US06050TKX99 and CUSIP 06050TKX9, issued by Bank of America. As a leading global financial institution headquartered in the United States, Bank of America provides a broad spectrum of banking, investing, asset management, and other financial and risk management products and services to individual consumers, small and middle-market businesses, and large corporations. Its robust market presence and diversified operations underpin its credit profile. This particular bond, denominated in USD, was notably characterized by a 0% interest rate, suggesting it functioned as a zero-coupon instrument, and represented a total issuance size of $600,000,000. The minimum investment for this security was $250,000. Its designated maturity date was June 15, 2017, at which point it reached its full term and was reimbursed, reflected by a market price of 100% upon redemption. Despite its zero-coupon nature, the bond structure indicated a payment frequency of 2, typically associated with semi-annual periods for coupon-bearing bonds, though for this instrument, it would pertain to the single principal repayment at maturity. Before its maturity, the bond carried credit ratings of BBB+ from Standard & Poor's (S&P) and A2 from Moody's, reflecting the issuer's credit standing and the instrument's risk assessment by prominent rating agencies. |
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