Bank of America : Issues Fifth Corporate Green Bond for $2 Billion

Bank of America Corporation announced today the issuance of its fifth corporate green bond for $2 billion in aggregate principal amount, furthering its commitment to sustainable finance and environmental, social and governance (ESG) leadership. The bond's proceeds will support projects focused on affordable, clean energy in support of the United Nations Sustainable Development Goals (SDGs).

'At Bank of America, our focus on sustainable finance helps to advance the SDGs, specifically in this case to increase the scale and impact of clean energy projects across the globe,' said Anne Finucane, vice chairman at Bank of America. 'By addressing the SDGs through ESG-linked securities like corporate green bonds, we are offering a way for fixed income investors to drive social and environmental change through the debt capital markets, and to be part of the solution to address climate change.'

The six-year corporate green bond, which is callable in five years, is the bank's longest-dated corporate green bond issuance. This further demonstrates the firm's commitment to sustainable finance, advancing clean energy accessibility and social equity.

With this offering, Bank of America becomes the first U.S. financial institution to issue five corporate green bonds, raising a total of $6.35 billion for clean energy projects since 2013. Demonstrations of sustainable projects funded by the proceeds of past Bank of America corporate green bonds can be found on its website. This includes projects focused on solar and wind power technology.

Additionally, since co-writing the original Green Bond Principles more than a decade ago, the company's BofA Securities division has been the leader in green bond underwriting. According to the Environmental Finance green bond database and Bloomberg, BofA Securities is the leading underwriter of all green bonds issued since 2007. BofA Securities has led more than 260 bond issuances, totalling approximately $43 billion on behalf of 100-plus clients, providing critical funding to environmentally focused projects.

Sustainable finance commitment

Through its scale, global reach and deployment of capital, Bank of America is bringing together investors, expanding financing solutions and market opportunities, and supporting sustainable projects and communities.

The company's cumulative $445 billion (2007-2030) Environmental Business Initiative demonstrates its commitment to the environment and supporting sustainable, low-carbon businesses through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world. Since 2007, Bank of America has directed more than $140 billion in financing for low-carbon, sustainable business activities as part of this effort. In its own operations, Bank of America has established a goal to be carbon-neutral and utilize 100 percent renewable electricity by the end of 2020.

Learn more about Bank of America's commitment to the environment at bankofamerica.com/environment.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,400 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 1,900 business centers; approximately 16,600 ATMs; and award-winning digital banking with nearly 38 million active users, including approximately 29 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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www.bankofamerica.com

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