NYSE:BACBanks
Bank of America (BAC) Launches New Bonds On A Valuation Story That Still Looks Open
Bank of America’s new bond offerings and what they mean for equity investors
Bank of America (BAC) has just launched two new senior unsecured fixed rate bond offerings: 5.75% notes due 2046 and 5.65% notes due 2038. This provides a fresh window into how the bank is funding itself over the long term.
These bonds, issued at 100% of face value with small underwriting discounts, sit alongside several recent fixed income deals and redemptions and help round out the picture for investors who mainly...