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$5B Bank of America 4Pt Issuance Launched

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Rate lock hedges vs. Bank of America $5B debt issued in 2s and 3s certainly large enough to weigh on front end today:

  • Date $MM Issuer (Priced *, Launch #)
  • 08/14 $5B #Bank of America $2B 2Y +70, $400M 2Y SOFR+78, $2B 3Y +90, $600M 3Y SOFR+102
  • 08/14 $1.25B #Huntington Bancshares 6NC5 +185
  • 08/14 $Benchmark Fiserv Inc 5Y +108, 10Y +155
  • 08/14 $750M #Otis Worldwide 5Y +98
  • 08/14 $500M PBF Energy 7NC3

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