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Bank of America (NYSE:BAC) announced on Wednesday a redemption of the $3B principal amount outstanding of its 1.319% fixed/floating rate senior notes due June 2026.
Shares were +0.07% post market to $44.76.
The redemption price equals to 100% of the principal amount, plus any accrued and unpaid interest.
The notes, to be redeemed on June 19, will see the payment made on the next business day, June 20, as June 19 is not a business day.
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