BAC · News · 20260904N
Debt Redemption and Liquidity
BANK OF AMERICA CORP /DE/ · 2026-09-04 · Importance 52 · Surprise 42 · In source text
Bank of America announced redemption of all outstanding CAD425 million floating-rate senior notes due September 2027. It will also redeem CAD1.0 billion of 1.978% fixed/floating-rate senior notes due September 2027, for total principal redemptions of CAD1.425 billion. The redemptions are scheduled for September 15, 2026, at 100% of principal plus accrued and unpaid interest, after which interest will cease to accrue.
Key facts
- Bank of America announced it will redeem all outstanding CAD425,000,000 Floating Rate Senior Notes due September 2027 on September 15, 2026 at a redemption price of 100% of principal plus accrued and unpaid interest. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | committed | — | Bank of America announced it will redeem all outstanding CAD425,000,000 Floating Rate Senior Notes due September 2027 on September 15,… |
| cash | negative | committed | — | Bank of America announced it will redeem all outstanding CAD425,000,000 Floating Rate Senior Notes due September 2027 on September 15,… |