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8-K: Bank of America Corporation Announces Fallback Rate (Corra) as Substitute Base Rate

8-K: Bank of America Corporation Announces Fallback Rate (Corra) as Substitute Base Rate

8-K:美国银行公司宣布以备用利率 (CORRA) 替代基准利率
美股SEC公告 ·  06/21 16:26

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On June 21, 2024, Bank of America Corporation announced a significant change to the base rate for its outstanding floating rate and fixed-to-floating rate debt securities. Following the discontinuation of the Canadian dollar Bankers' Acceptance Rate (CDOR), the Corporation will adopt the Fallback Rate (CORRA) as the new base rate after June 28, 2024. This change is in response to the May 16, 2022, announcement by Refinitiv Benchmark Services (UK) Limited that it would cease the calculation and publication of CDOR. The affected securities and their CUSIP numbers are detailed in the press release's annexes. Additionally, Bank of America intends to redeem a series of its fixed-to-floating rate debt securities that are based on the Three-Month CDOR. This redemption is planned prior to the commencement of the floating rate period for these securities, although this announcement does not serve as the official notice of redemption.
On June 21, 2024, Bank of America Corporation announced a significant change to the base rate for its outstanding floating rate and fixed-to-floating rate debt securities. Following the discontinuation of the Canadian dollar Bankers' Acceptance Rate (CDOR), the Corporation will adopt the Fallback Rate (CORRA) as the new base rate after June 28, 2024. This change is in response to the May 16, 2022, announcement by Refinitiv Benchmark Services (UK) Limited that it would cease the calculation and publication of CDOR. The affected securities and their CUSIP numbers are detailed in the press release's annexes. Additionally, Bank of America intends to redeem a series of its fixed-to-floating rate debt securities that are based on the Three-Month CDOR. This redemption is planned prior to the commencement of the floating rate period for these securities, although this announcement does not serve as the official notice of redemption.
2024年6月21日,美国银行宣布对其未偿还浮动利率和固定-浮动利率债券的基准利率进行重大变更。在加币银行承兑汇票利率(CDOR)停用后,该公司将于2024年6月28日后采用备用利率(CORRA)作为新的基准利率。此举是为响应Refinitiv Benchmark Services (UK) Limited于2022年5月16日宣布停止计算和发布CDOR的通知。受影响的证券及其CUSIP编号详见新闻发布中的附件。此外,美国银行打算赎回一系列基于三个月CDOR的固定-浮动利率债券。尽管该公告不作为赎回正式通知,但此赎回计划将在这些证券的浮动利率期开始前进行。
2024年6月21日,美国银行宣布对其未偿还浮动利率和固定-浮动利率债券的基准利率进行重大变更。在加币银行承兑汇票利率(CDOR)停用后,该公司将于2024年6月28日后采用备用利率(CORRA)作为新的基准利率。此举是为响应Refinitiv Benchmark Services (UK) Limited于2022年5月16日宣布停止计算和发布CDOR的通知。受影响的证券及其CUSIP编号详见新闻发布中的附件。此外,美国银行打算赎回一系列基于三个月CDOR的固定-浮动利率债券。尽管该公告不作为赎回正式通知,但此赎回计划将在这些证券的浮动利率期开始前进行。
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