美国银行在动荡市况中启动投资级债券发行，属常规融资且无新增盈利指引

Bank of America Corp. has kicked off the sale of investment-grade bonds, becoming the third major Wall Street firm to tap a turbulent market this week after reporting third-quarter results.

The lender is marketing debt in as many as four parts, ranging in maturity from three to 11 years, according to a person with direct knowledge of the matter. The longest tranche is initially being offered at a yield premium of about 1.2 percentage points to Treasuries, according to the person, who asked not to be identified because they’re not authorized to speak publicly.

The unusual Friday offering comes after numerous firms held off on high-grade bond sales over the past few days as Treasury yields swung sharply on stronger-than-expected inflation data and worries about the artificial-intelligence trade.

Bank of America was the only one of the six big Wall Street banks that didn’t tap the market in the third quarter, raising just $17 billion so far this year — the least among the group. In its latest offering, it raised $10 billion in April.

The six banks, which often time their borrowing to follow quarterly reports, are projected by Barclays Plc to raise about$41 billion through high-grade bond sales this quarter. That’s 30% more than the average for the period since 2015. JPMorgan Chase & Co. and Morgan Stanley earlier this week raised a combined $10 billion.

Bank of America shares slumped earlier this week after reporting third-quarter earnings that missed analyst projections, with both its stock and fixed-income tradings falling short of estimates.

The firm’s bond sale is set to be just the fifth high-grade offering to price on a Friday this year, according to data compiled by Bloomberg. The last was a July offering from a Deere & Co. unit.