Bank of America Securities stands out as the clear leader across green, social, and sustainability bond categories in US municipal markets.

In the US municipal market, the firm has demonstrated breadth across all labelled bond segments, enabling it to deliver landmark transactions while supporting a diverse pipeline of repeat issuers.

In green bonds, major transactions include the $1.4 billion JFK New Terminal One financing, alongside a broad range of issuances across water, wastewater, public power, and clean transportation.

In social bonds, it was the lead manager for the $1.9 billion Massachusetts School Building Authority social bond – the largest US social muni bond issuance in 2025 and winner of the Social bond of the year – US muni bond award in this year's Sustainable Debt Awards.  Beyond this, the firm maintains a nationwide presence across housing finance agencies, structuring financings that support affordable housing, homeownership, and community development.

In sustainability bonds, landmark transactions for issuers such as the New York State Housing Finance Agency and the Dormitory Authority of the State of New York highlight its capacity to structure scalable, repeatable frameworks. By embedding dual-pillar impact metrics and robust reporting practices, the bank claimed it enables issuers to achieve high levels of impact integrity.

Complementing its municipal leadership, Bank of America emerged as a leading force in supranational, sub-sovereign, and agency (SSA) social bonds globally.

With nearly $19 billion raised across 29 tranches, the firm has demonstrated its ability to execute across currencies and jurisdictions. Its role in major benchmark transactions – including dual-currency issuances for the Council of Europe Development Bank, the largest SSA social bond for French social debt fund CADES, and the largest US dollar SSA social bond for Dutch public sector bank BNG – underscores its global reach and investor distribution strength.