Press Release
Bank of America Issues Its Third and Largest Green Bond

Bank of America Corporation announced today the issuance of its third and largest green bond for $1 billion in aggregate principal amount, furthering the company’s commitment to advancing renewable energy generation.

“Green bonds are a key way we bring the private sector together to fund clean energy,” said Bank of America Vice Chairman Anne Finucane. “Through these types of innovative financial solutions, we are helping our clients create jobs and advance alternative energy sources while also seeing a business return."

Bank of America continues to demonstrate leadership in the transition to a low-carbon economy. In addition to issuing three corporate green bonds over the past three years, the company has been the largest underwriter of green bonds on behalf of clients. These efforts are helping to finance low-carbon projects such as renewable energy, mass transportation, green buildings, and energy and water efficiency.

A leader in corporate green bond issuance

In 2013, Bank of America issued the first benchmark-sized corporate green bond – a $500 million offering – and also co-authored the original version of the Green Bond Principles (GBP), a voluntary set of guidelines to promote integrity in the development of the green bond market. The company followed up that offering with a $600 million green bond in May 2015. The company’s latest green bond is the largest offering to date.

A leader in corporate green bond underwriting

Green bonds have gained appeal among corporate issuers looking to diversify their sources of funding while keeping in mind the requirements of socially conscious investors and shareholders. According to Bloomberg New Energy Finance, Bank of America was the No. 1 underwriter of green bonds in 2014, 2015 and cumulatively in 2016, as of September 30.

Since 2007, Bank of America has provided more than $62 billion in financing for low-carbon and sustainable business activities. Last year, the company increased its 10-year environmental business goal from $50 billion to $125 billion. Through this commitment, the company is supporting sustainable and low-carbon businesses through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.

Read 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 47 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 16,000 ATMs, and award-winning online banking with approximately 34 million active accounts and more than 21 million mobile active 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 in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.980.388.2840
[email protected]

Kelly Sapp, Bank of America, 1.980.386.9514
[email protected]