Bank of America Finalizes Terms for $2.75 Billion Senior Notes Tranche
Summary
Bank of America finalized the specific terms for a $2.75 billion tranche of senior notes, due 2032, as part of its recently announced $7.0 billion debt offering.
Key Events
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Finalizes $2.75 Billion Senior Notes Tranche
Bank of America set the final terms for $2.75 billion in 4.456% fixed/floating rate senior notes due February 2032.
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Part of Larger Debt Offering
This tranche is a component of the $7.0 billion senior notes offering previously disclosed on February 4, 2026.
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Fixed-to-Floating Rate Structure
The notes will pay a fixed interest rate of 4.456% until February 2031, then switch to a floating rate based on Compounded SOFR plus 87 basis points.
Analysis
This FWP finalizes the specific terms for a $2.75 billion tranche of senior notes, due February 2032, which is part of a larger $7.0 billion offering initiated on February 4, 2026. The notes feature a fixed-to-floating interest rate structure, starting at 4.456% fixed before transitioning to a floating rate based on Compounded SOFR. This capital raise is a routine financing activity for a large financial institution like Bank of America, aimed at managing its balance sheet and funding operations.
At the time of this filing, BAC was trading at $54.60 on NYSE in the Finance sector, with a market capitalization of approximately $397.6B. The 52-week trading range was $33.07 to $57.55. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.