Bank of America Corp. has opened a new offering of investment-grade dollar bonds, joining a wave of debt issuance from major Wall Street institutions and corporate borrowers.
According to market reports, the bank's package includes six-year notes available in both fixed- and floating-rate formats, in addition to an 11-year fixed-rate security. The 11-year tranche carried initial price talk at a premium of 1 percentage point above U.S. Treasuries.
This issuance makes Bank of America the final one among the biggest Wall Street firms to put debt on the market after the release of fourth-quarter results in January. Market activity has been brisk: the six largest Wall Street banks together brought $50.5 billion of high-grade notes to investors in the previous month, with Goldman Sachs Group Inc. leading that group through a record $16 billion transaction.
U.S. investment-grade bond sales have begun 2026 at what market participants are calling a record pace, forming part of a global increase in issuance. Borrowers appear to be taking advantage of reduced borrowing premiums to access the market.
On the trading day when Bank of America moved, the high-grade market registered nine deals. Among those were multi-part offerings from American Express Co. and Visa Inc. The Visa transaction was notable as the company's first dollar-denominated bond issuance since 2020.
The recent flurry of deals highlights a broad pick-up in high-grade supply across both banks and corporate issuers. Specific pricing details beyond the initial price talk for the 11-year note were not provided in the reports cited. The article does not detail how proceeds will be used by issuers, nor does it provide follow-up information on investor demand beyond the tally of deals and prior month issuance totals.