Bank of America sells a first-of-a-kind COVID-19 bond – MarketWatch
Bank of America Corp on Thursday sold a debut $1 billion corporate bond, the first from a global commercial bank with the specific purpose of financing parts of the health industry as it battles the coronavirus pandemic.
The debt offering fits within the doing-good or sustainable investments niche, but with the twist of being the first from a major bank to fund clients on the front lines of the COVID-19 crisis.
Is it a buy? Just asking.