Bank of America Corporation will redeem €1.75 billion of its floating‑rate senior notes that mature on March 10, 2027. The redemption will be executed on March 10, 2026 at the optional price of €1,000 per €1,000 calculation amount, plus accrued and unpaid interest up to the redemption date.
The transaction will be carried out through Euroclear Bank SA/NV and Clearstream Banking, S.A., with Citibank, N.A., London Branch acting as principal agent and Citibank Europe plc as registrar. The bank will also request the Financial Conduct Authority to cancel the notes’ listing on the Official List of the FCA and the London Stock Exchange, effectively removing them from regulated market trading.
This move is part of Bank of America’s ongoing debt‑management strategy. By redeeming the notes one year before maturity, the bank reduces long‑term interest obligations and can potentially improve its capital ratios. The decision comes after the bank reported strong financial results for Q4 2025 and Q1 2025, with revenue and net income exceeding analyst expectations, underscoring its robust liquidity and capital position.
The redemption aligns with the bank’s €85 billion Euro Medium‑Term Note Program. Redeeming €1.75 billion of floating‑rate debt allows the bank to avoid potential future interest‑rate increases and frees up capital for other strategic initiatives. The action reflects a proactive approach to managing the balance sheet in a changing interest‑rate environment.
While the announcement does not include management commentary or segment‑level details, the decision underscores Bank of America's focus on optimizing its balance sheet and maintaining flexibility in a dynamic market.
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