 Bank of America Corporation NYSE: BAC has sold 1 billion in a corporate bond offering to raise funds for efforts against the novel coronavirus COVID-19 pandemic, MarketWatch reported Thursday.The Charlotte, a North Carolina-based banking giant, is the first major financial services company in the U.S. to fund the frontline COVID-19 responders, according to MarketWatch.The four-year bonds were priced at 1.3 percentage points above the Treasurys to yield 1.486, people familiar with the matter told MarketWatch.In a filing with the Securities and Exchange Commission, BoA says that the funding will go towards not-for-profit hospitals, skilled nursing facilities, and healthcare equipment manufacturers and suppliers.The organizations will use the funding for treating coronavirus patients or manufacturing and supplying goods related to testing, prevention, and treatment of the deadly virus.BoA shares closed 4 higher at 21.71 on Thursday. The shares added another 1.3 in an after-hours session at 22.See more from Benzinga Taiwanese Apple Supplier TSMC To Build B US Chip Factory After Months Of Pressure From Trump Administration Apple Confirms Acquisition Of Virtual Reality Startup NextVR Morgan Stanley Analyst Says Many Investors Absolutely Adore Musks Dominating StrategyC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 