fintech / news / / Bloomberg
The offering is in as many as five parts, ranging in maturity from four to 11 years.
Bank of America launched an investment-grade bond sale in up to five parts on Thursday.
KEY POINTS
- The bonds range in maturity from four to 11 years, spanning multiple tranches.
- The longest tranche, a subordinated note, is priced at 1.40 percentage points above Treasuries.
- Proceeds from the bond sale will be used for general corporate purposes.
COMPANIES
Summarized by Newsio from Bloomberg. How we summarize →