BK AMERICA 20/51 FLRBK AMERICA 20/51 FLRBK AMERICA 20/51 FLR

BK AMERICA 20/51 FLR

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Key terms


Outstanding amount
‪5.50 B‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.08% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
6.08%
Maturity date
Mar 20, 2051
Term to maturity
26 years

About BK AMERICA 20/51 FLR


Sector
Finance
Industry
Major Banks
Issue date
Mar 20, 2020
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 and is headquartered in Charlotte, NC.
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