Bank of America Prices $10 Billion in New Subordinated and Senior Notes
BAC sits 47% above its 52-week low of $36.495.
Summary
Bank of America Corporation announced the pricing of $3 billion in 5.489% Fixed/Floating Rate Subordinated Notes due April 2037, alongside an additional $7 billion in concurrent senior note offerings, totaling $10 billion in new debt.
Key Events · Financing and Capital Events · BAC
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Subordinated Notes Offering Priced
Bank of America priced $3 billion of 5.489% Fixed/Floating Rate Subordinated Notes, due April 2037, with net proceeds to the issuer of $2.9865 billion.
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Concurrent Senior Notes Offerings
The company also announced concurrent offerings of $3.25 billion in 4.477% Senior Notes due April 2030, $500 million in Floating Rate Senior Notes due April 2030, and $3.25 billion in 4.695% Senior Notes due April 2032, bringing the total capital raise to $10 billion.
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Capital Structure Management
This debt issuance is a routine part of a large financial institution's capital management strategy, providing long-term funding for operations and lending.
Analysis · BAC · Finance
This FWP details the final terms for a significant $3 billion subordinated debt offering, which is part of a larger $10 billion capital raise including concurrent senior note offerings. For a major financial institution like Bank of America, such debt issuances are a routine component of managing its capital structure, funding operations, and supporting lending activities. The timing follows strong first-quarter earnings, suggesting the company is opportunistically securing long-term funding. While increasing the company's overall debt, this move provides substantial liquidity and financial flexibility.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.8% of the 1706 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BAC was trading at $53.64 on NYSE in the Finance sector, with a market capitalization of approximately $384B. The 52-week trading range was $36.50 to $57.55. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.