BofA 2021 issuance jumps by 60%

Bank of America increased its US structured product issuance to US$3.9 billion (678 products) in sales volumes during 2021, compared with US$2.5 billion (346 products) in the previous year, SRP data shows. In the fourth quarter of 2021, the bank issued US$1.1 billion in sales across 152 products , a 130% increase from the same period of 2020 (111 products /US$478m). However, the figure dropped from the previous quarter where sales stood at US$1.4 billion (173 products). BofA was in the top 10