Deals 09/29/2020

Loop Capital Markets acts as joint bookrunner on a $2 billion Equality Progress Sustainability Bond for Bank of America Corporation

On September 29, 2020, Bank of America issued a $2 billion Equality Progress Sustainability Bond, the first offering of its kind in the financial services industry. Loop Capital Markets was selected as a joint bookrunner on the one-tranche, $2 billion, fixed-to-floating bond 5 year bond which is rated A2/A+.

Use of proceeds are earmarked for supporting progress toward racial equality and environmental sustainability by leveraging BofA’s extensive capabilities and committed local engagement.