bank of america launches 11 year bond sale following strong earnings report

Bank of America Corp. is set to issue investment-grade bonds in the US market. The bonds will have a maturity of 11 years and can be called after 10 years.

It is expected that the deal will yield around 1.55 percentage points above Treasury rates. This move is in line with other major Wall Street banks taking advantage of favorable market conditions to raise funds through bond sales.

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