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Bank of America Raises $2 Billion for Affordable Housing, Other Initiatives

New So-Called Social Bond Offering Is Bank’s Second in Four Months
Bank of America is raising $2 billion in part to help build and preserve affordable housing. (iStock)
Bank of America is raising $2 billion in part to help build and preserve affordable housing. (iStock)
CoStar News
September 25, 2020 | 8:30 P.M.

Bank of America is issuing $2 billion in notes to finance an array of social initiatives including affordable housing, an amount that would double what it raised in May for similar enterprises.

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