C.L. King Co-Manages Bank of America’s Preferred Stock Offering

October 27, 2020 | News

C.L. King acted as Co-Manager for Bank of America for $1.1B 4.375% 20 year Perpetual NC5 Non-Cumulative Preferred Stock, Series NN, offering of 44,000,000 depositary shares at an offering price of $25 per share.

The issue is rated Baa3/BBB-/BBB.