BofA to redeem all $1.25 billion floaters due 2024

By William Gullotti

Buffalo, N.Y., May 18 – Bank of America Corp. announced it will redeem all outstanding $1.25 billion floating-rate senior notes due May 2024 (Cusip: 06051GJX8), according to a press release on Thursday.

The notes will be redeemed on May 28 at par plus accrued and unpaid interest to, but excluding, the redemption date.

Since May 28 is not a business day, the payment will occur on May 30, the next business day.

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

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

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