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Big banks are outdoing each other with record breaking bond sale. One bond after another! Bank of America to Set Record for Largest Bank Bond Sale at $15 Billion!
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| Author | Source |
| :----: | :----: |
| [u/AndyLee168](https://www.reddit.com/user/AndyLee168/) | [Reddit](https://www.reddit.com/r/GME/comments/mt45h8/big_banks_are_outdoing_each_other_with_record/) |
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[📟 News 📰](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%93%9F%20News%20%F0%9F%93%B0%22&restrict_sr=1)
Bank of America to Set Record for Largest Bank Bond Sale at $15 Billion
Bank of America Corp. is poised to sell $15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival JPMorgan Chase & Co. sold what was then the biggest such offering, according to data compiled by Bloomberg.
Investors poured about $25 billion of orders into the deal, according to a person with knowledge of the matter, which will help BofA borrow at cheaper rates than it initially offered. JPMorgan raised $13 billion on Thursday.
Read more: Big Banks Pounce on Cheap Rates as They Bust Bond Market Records
<https://finance.yahoo.com/news/bank-america-set-record-largest-181313888.html>
Why do so many big banks need so much money?