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 analysis details a specific long-term debt instrument, an obligation issued by Bank of America, a leading financial institution based in the United States. Identified by ISIN US06051GJA85 and CUSIP 06051GJA8, this bond is currently trading at its par value, or 100%, denominated in U.S. Dollars. It offers investors a fixed annual interest rate of 4.083%, with coupon payments distributed semi-annually, reflecting a payment frequency of two times per year. The bond's maturity date is set for March 19, 2051, indicating a very long duration. The total size of this particular issuance is substantial, reaching $5,500,000,000, with a minimum purchase size for investors set at $2,000. Bank of America, as the issuer, stands as one of the world's largest banking and financial services corporations, providing a comprehensive range of banking, investing, asset management, and other financial and risk management products and services to consumers, small and middle-market businesses, and large corporations globally. Its creditworthiness is robust, as evidenced by the 'A-' rating from Standard & Poor's and the 'A2' rating from Moody's, both indicative of a strong capacity for timely financial commitments. This issuance represents a significant long-term funding initiative by Bank of America, providing an opportunity for investors seeking exposure to a highly-rated entity within the financial sector.
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United States
US06051GJA85 ( in USD )
