BofA to redeem $500 million floaters, $1.5 billion fixed-to-floaters

By Cady Vishniac

Detroit, Jan. 7 – Bank of America Corp. plans to redeem all of its outstanding $500 million of floating-rate senior notes due January 2022 (Cusip: 06051GGX1) and $1.5 billion 2.738% fixed-to-floating rate senior notes due January 2022 (Cusip: 06051GGY9), according to a news release.

The notes will be redeemed at par plus unpaid interest to Jan. 23. Payment will occur on Jan. 25, the first business day after the redemption date.

Bank of New York Mellon Trust Co., NA is the paying agent.

The financial services company is based in Charlotte, N.C.

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