Bank of America to Redeem $6.15 Billion in Senior Notes
Bank of America Corporation announced it will redeem all outstanding Floating Rate Senior Notes and Fixed/Floating Rate Senior Notes due July 2027. The redemption involves $400 million in floating rate notes and $5.75 billion in fixed/floating rate notes.
Charlotte, N.C. – Bank of America Corporation announced on July 14, 2026, that it will redeem all outstanding Floating Rate Senior Notes due July 2027, totaling $400 million, and all outstanding 1.734% Fixed/Floating Rate Senior Notes due July 2027, totaling $5.75 billion. The redemption date for both series of notes is July 22, 2026.
The redemption price for each series of notes will be 100% of the principal amount, plus accrued and unpaid interest up to, but not including, the redemption date. Interest on these notes will cease to accrue from July 22, 2026.
Payment for the redemption will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. acting as trustee and paying agent. This move is a standard financial operation for large institutions, often undertaken to manage debt structure or take advantage of favorable market conditions.
Bank of America is a global financial institution serving millions of clients worldwide. Its stock is listed on the New York Stock Exchange.