Bank of America Redeems Senior Notes Due August 2026
Bank of America, N.A. announced it will redeem $2 billion in 5.526% Senior Bank Notes and $600 million in Floating Rate Senior Bank Notes, both due August 2026. The redemption is scheduled for July 17, 2026.
Charlotte, N.C. – July 7, 2026 – Bank of America, N.A. has announced its intention to redeem all outstanding 5.526% Senior Bank Notes, totaling $2 billion, which were originally due in August 2026. In addition, the bank will redeem $600 million of its Floating Rate Senior Bank Notes, also due in August 2026.
The redemption will occur on July 17, 2026. The redemption price for each series of notes will be 100% of the principal amount, plus any accrued and unpaid interest up to, but not including, the redemption date. Interest payments on these notes will cease on July 17.
The bank did not specify the reasons for the redemptions. Such actions by financial institutions often occur due to a changing interest rate environment, allowing for refinancing at potentially lower costs, or as part of a broader capital management strategy. The total value of the notes being redeemed amounts to $2.6 billion.
Bank of America is a major global financial institution offering a comprehensive suite of banking, investing, asset management, and other financial and risk management products and services. The company, Bank of America Corporation, is publicly traded on the New York Stock Exchange.