Bank of America Raises $1 Billion of Yen as Yield Hunger Deepens

Updated on
  • U.S. bank marketed the bond’s 0.39% coupon rather than spread
  • ‘Investors have very few choices’ amid negative rates: BNP

Bank of America Corp. took advantage of Japan’s hunger for anything but negative yields with its first benchmark-sized yen bond sale since the global financial crisis.

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