The 4.134% investment-grade notes are due 2028

Davis Polk advised the lead manager and several other managers in connection with Bank of America Corporation’s offering of €1 billion 4.134% senior notes, due June 12, 2028, pursuant to its $65 billion euro medium-term note program. The offering was the first green bond offering under the program. The net proceeds from the sale of the notes will be allocated to the financing or refinancing of existing or future eligible green assets relating to renewable energy generation.

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, European counsel John Taylor and associates Jonathan Williamson and Nicollette Farkas. Partner Lucy W. Farr and associate Spencer Pan provided tax advice. Members of the Davis Polk team are based in the New York and London offices.