Bank 2017-BNK8, founded in 2017 and headquartered in New York City, is a financial institution focused on providing a range of banking services to retail clients and small businesses. The bank offers a variety of products, including savings accounts, personal loans, and mortgage services, aiming to enhance financial accessibility for its customers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| 3.49% 2050-11-15 USDBank 2017-BNK8 | United States | 2050-11-15 | 3.488 | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Bank 2017-BNK8 has developed a robust bond issuance program, launching its first bonds in 2018 to support its lending activities. Notably, in 2021, the bank completed a significant $500 million bond issuance to finance an expansion of its branch network, which was well-received in the market, achieving yields below the industry average. As of late 2023, the bank's bonds are characterized by attractive fixed rates and limited call features, reflecting competitive positioning amid a recovering economy and investor interest in stable, income-generating securities.