04:39 PM EDT, 03/25/2025 (MT Newswires) -- Bank of America ( BAC ) said Tuesday it will redeem $3.5 billion of outstanding debt on April 2.

The bank will redeem $500 million floating rate senior notes due April 2026 and $3 billion 3.384% fixed-to-floating rate senior notes due April 2026, for 100% of the principal amount, plus accrued and unpaid interest.