The investment-grade notes are due 2026 and 2028

Davis Polk advised the lead manager and representative of the several joint book-runners in connection with an SEC-registered offering by Bank of America Corporation of C$400 million aggregate principal amount of floating-rate senior notes due March 2026 and C$1.5 billion aggregate principal amount of 3.615% fixed-to-floating-rate senior notes due March 2028. The notes were settled through CDS Clearing and Depository Services Inc. and offered in Canada to qualified purchasers on a private placement basis.

The Davis Polk tax team also advised Bank of America Corporation in connection with the offering.

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael J. Russo and associate Nicollette Farkas. Partner Po Sit and associate Ben Silver provided tax advice. All members of the Davis Polk team are based in the New York office.