⁍ Bank of America Corp said it was issuing a $2-billion bond.
⁍ A portion of the proceeds will be used for the financial empowerment of Black and Hispanic-Latino communities.
– Bank of America is planning to sell $2 billion in bonds to help black and Hispanic communities, Reuters reports. The money will be set aside for social and environmental causes, the bank said in a statement. The announcement comes a week after Citigroup pledged $1 billion to the same cause.
Source: https://www.reuters.com/article/us-global-race-bank-of-america/bank-of-america-issues-2-billion-bond-to-promote-racial-equality-idUSKCN26G2FH