Bank of America launches perpetual bond issuance, its second debt transaction in days.

Bank of America launches its second investment-grade bond offering in days, issuing perpetual bonds after raising $8 billion last week. The bonds may be redeemed as early as five years from now, with initial yield discussions in the 7.5% to 7.625% range, according to people familiar with the matter. Bank of America issued $2.5 billion of similar notes in July 2025 at a yield of 6.25%.