Bac Capital Trust XIII, founded in 2005 and located in Memphis, Tennessee, is a key player in the fixed-income market with a focus on creating investment opportunities for retail and institutional investors. The company primarily offers a range of structured bond products designed to meet diverse investor needs and yield preferences.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BAC 5.17% Perpetual USDBac Capital Trust XIII | United States | Perpetual | 5.169 | 7.12 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Bac Capital Trust XIII has actively issued bonds, with notable milestones including the launch of its first series of bonds in 2006. The issuer drew attention in 2020 for a significant bond offering aimed at refinancing existing debt, which subsequently lowered sector yields and attracted considerable investor interest. Current yields for Bac Capital Trust bonds remain competitive, often surpassing industry averages due to their appealing structure and strategic positioning in the marketplace, enhancing their attractiveness amidst fluctuating interest rates.