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 instrument, an obligation identified by ISIN US06051GEM78 and CUSIP 06051GEM7, was issued from the United States by Bank of America, a globally leading financial institution renowned for its comprehensive array of banking, investing, asset management, and other financial and risk management products and services provided to consumers, small businesses, and large corporations; this particular bond, denominated in USD, represented a segment of a substantial $2,250,000,000 total issuance, structured with a fixed interest rate of 5.7% and requiring a minimum acquisition of $2,000 per unit, with interest distributions scheduled semi-annually; reflecting the issuer's robust financial health, the bond received a credit rating of A- from Standard & Poor's (S&P) and A2 from Moody's; it is important to note that this obligation reached its scheduled maturity on January 23, 2022, and has subsequently been fully repaid, having been redeemed at its par value, a status evidenced by its 100% market price at the point of repayment.
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