BofA Looks to Link Up Bond Issuers With Minority-Run Banks
Bloomberg
3 hrs ago
Molly Smith and Caleb Mutua
(Bloomberg) -- Bank of America Corp. held a conference last week to connect minority-run banks with companies that borrow in bond markets in an effort to increase diversity in debt underwriting.
Popular Searches
The Charlotte, North Carolina-based lender -- consistently one of the largest underwriters of U.S. investment-grade corporate bond sales over the last two decades -- is also looking to increase the proportion of fees that companies direct to minority-owned dealers that join its syndicates for bond sales, said Andrew Karp, the bank’s head of investment-grade capital markets. He declined to provide specific figures.