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Investor Relations
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Overview

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We deliver on this through a focus on responsible growth and environmental, social and governance (ESG) leadership. Through these efforts, we are driving growth —investing in the success of our employees, helping to create jobs, develop communities, foster economic mobility and address society’s biggest challenges —while managing risk and providing a return to our clients and our business.

In 2021, Bank of America introduced our ESG-themed Issuance Framework:

View Our ESG-themed Issuance Framework and Related Second Party Opinion

From 2013 - 2022, Bank of America issued ten ESG-themed corporate bonds totaling $13.85 billion:

  • The first U.S. bank to issue a benchmark-sized corporate green bond
  • Co-authored the original version of the Green Bond Principles, a voluntary set of guidelines to promote integrity in the development of the green bond market
  • The first U.S. bank to issue a corporate social bond aligned with the United Nations Sustainable Development Goals
  • The first U.S. bank to issue corporate social bond to support the fight against the COVID-19 pandemic
  • The first U.S. bank to issue corporate equality progress sustainability bond designed to advance racial equality, economic opportunity, and environmental sustainability

View Our Commitment to Environmental Sustainability

View Our ESG Strategy, Policy, Practices, and Reporting Frameworks

Our ESG-themed bond programs demonstrate that the bank is truly committed to the communities we serve, while also giving us access to investors that would not typically be funding sources for a bank. Fundamentally, these are a means for society to advocate for a sustainable composition of the asset side of the balance sheet.

-Shannon Lilly
Treasurer

Bank of America Sustainability Bonds:

Bank of America has issued three ESG-themed securities designed to advance racial and gender equality, economic opportunity and environmental sustainability, helping to advance the United Nations Sustainable Development Goals. 

Outstanding Sustainability Bonds:

Outstanding Sustainability Bonds
CUSIP Identifier Description Issue Date Callable Date Maturity Date Notional Pricing Supplement Press Release
06051GLC1 Sustainability Bond #3 Equality Progress- BAC 6nc5y USD 6.204% Fixed to Floating Rate 11/10/2022 11/10/2027 11/10/2028 $2.0B View View
06051GKE8 Sustainability Bond #2 Equality Progress- BAC 4nc3y USD 1.530% Fixed to Floating Rate 12/06/2021 12/06/2024 12/06/2025 $2.0B View View
06051GJG5 Sustainability Bond #1 Equality Progress- BAC 5nc4y USD 0.981% Fixed to Floating Rate 9/25/2020 9/25/2024 9/25/2025 $2.0B View View
  • Please see our ESG-Themed Bond Report for the current allocation amounts to each eligible asset category and impact metrics for Sustainability Bond #1 and #2, including examples of projects financed by Sustainability Bond #2. For examples of projects financed by Sustainability Bond #1, please see our Equality Progress Sustainability Bond Report.
  • Please see our Management Assertion for the current allocation amounts to each eligible asset category for Sustainability Bond #1 and #2. This document also contains a report from an independent accountant regarding their examination of our assertion

Bank of America Social Bonds:

Bank of America has issued two corporate social bonds to date, raising a total of $1.5 billion to help address pressing issues that impact low-to moderate-income neighborhoods in the U.S. and fight against the COVID-19 pandemic.

Outstanding Social Bonds:

Outstanding Social Bonds
CUSIP Identifier Description Issue Date Callable Date Maturity Date Notional Pricing Supplement Press Release
06051GJC4   Social Bond #2 COVID Response - BAC 4nc3y USD 1.486% Fixed to Floating Rate 5/19/2020 5/19/2023 5/19/2024 $1.0B View View
  • Please see our COVID-19 Social Bond Report for examples of projects financed by Social Bond #2 and a report from an independent accountant regarding their examination of our assertion

Matured/Redeemed Social Bonds:

Matured/Redeemed Social Bonds
CUSIP Identifier Description Issue Date Callable Date Maturity Date Notional Pricing Supplement Status
06050TMJ8   Social Bond #1 Affordable Housing - BANA 4nc3y USD 3.335% Fixed to Floating Rate 1/25/2019 1/25/2022 1/25/2023 $0.5B N/A Redeemed
  • Please see our Social Bond Report for examples of projects financed by Social Bond #1. This document also contains a report from an independent accountant regarding their examination of our assertion

Bank of America Green Bonds:

Bank of America has issued five corporate green bonds to date, raising a total of $6.35 billion for renewable energy projects since 2013. It’s latest corporate green bond was issued at $2 billion and the bank was the first U.S. financial institution to issue five corporate green bonds. These bonds help to fund renewable energy projects under the company’s Environmental Business Initiative, which aims to accelerate the transition to a low-carbon economy through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.

Outstanding Green Bonds:

CUSIP Identifier Description Issue Date Callable Date Maturity Date Notional Pricing Supplement Press Release
06051GHW2 Green Bond #5 BAC 6nc5y USD 2.456% Fixed to Floating Rate 10/22/2019 10/22/2024 10/22/2025 $2.0B View View
  • Please see Green Bond #5 summaries below for details on the original projects associated with each of our outstanding green bonds
  • Please see our ESG-Themed Bond Report for impact metrics from projects financed by Green Bond #5
  • Please see our Management Assertion for the current allocation amounts to each project. This document also contains a report from an independent accountant regarding their examination of our assertion

Matured/Redeemed Green Bonds:

Matured/Redeemed Green Bonds
CUSIP Identifier Description Issue Date Callable Date Maturity Date Notional Pricing Supplement Status
06051GHH5 Green Bond #4 BAC 4nc3y USD 3.499% Fixed to Floating Rate 5/17/2018 5/17/2021 5/17/2022 $2.25B View Redeemed
06051GGB9 Green Bond #3 BAC 4nc3y USD 2.151% Fixed Rate 11/9/2016 11/9/2019 11/9/2020 $1.0B View Redeemed
06051GFR5 Green Bond #2 BAC 3y USD 1.950% Fixed Rate 5/12/2015 N/A 5/12/2018 $0.6B View Matured
06051GEZ8 Green Bond #1 BAC 3y USD 1.350% Fixed Rate 11/21/2013 N/A 11/21/2016 $0.5B View Matured

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