Today the World Bank (International Bank for Reconstruction and
Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up
Callable Green Bond sold to Merrill Lynch Wealth Management clients.
Bank of America Merrill Lynch offered the step-up fixed rate bonds,
which are callable after one year. The bonds will pay a 2.32 percent
coupon per year for the first five years (stepping up to a maximum final
coupon of 8.82 percent per year)more...
The Bank of America Chicago Marathon today announced that three-time
Olympic Gold medalist, 18-time World Championship medalist and current
World Record holder in the 5,000m and 10,000m, Kenenisa Bekele (ETH),
will compete in his second marathon and first World Marathon Major in
Chicago on October 12. In a career spanning nearly 15 years, Bekele, 32,
has only raced on American soil – and always on the track – five times.
In one of themore...
Europe Bears Brunt of Falling Sentiment but Emerging Markets Thrive
Rising geo-political temperatures combined with the threat of rising
U.S. interest rates have led global investors to scale back risk and
take cash levels to two-year highs, according to the BofA Merrill Lynch
Fund Manager Survey for August.
Investors have shifted robustly into cash with a net 27 percent of
respondents to the global survey overweight cash in August, up from a
net 12 percent in July. Cash now accounts for an average of 5more...