Banc of America Funding Corporation, founded in 2004 and headquartered in Charlotte, North Carolina, serves as a key funding vehicle for Bank of America. The company specializes in the issuance of debt securities to raise capital for the bank's operational and strategic needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ZC 2037-07-25 USDBanc of America Funding Corporation | United States | 2037-07-25 | — | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Banc of America Funding Corporation has been prominent in the bond market, with notable issuances including its debut bond offering in 2005, which was met with strong investor demand. The company has maintained competitive yields, often outperforming industry averages, particularly in recent years as it has issued various fixed-rate and floating-rate notes. Noteworthy events include the substantial $1.5 billion issuance in 2020 to support the bank amid economic uncertainties, illustrating its role as a critical component of Bank of America's broader funding strategy.