PNC Announces Redemption Of 2.150 Percent Senior Bank Notes Due April 29, 2021
PNC Financial Services Group has announced the redemption of $1.25 billion in Senior Notes, which are due on April 29, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
PNC Financial Services Group has announced the redemption of $1.25 billion in Senior Notes, which are due on April 29, 2021. The notes, carrying a distribution rate of 2.150%, will be redeemed at their face value of $1,000 per $1,000 in principal, plus any accrued interest, on March 30, 2021. This strategic move indicates PNC's commitment to managing its liabilities effectively. Payments will be processed through The Depository Trust Company.
Positive
- Redemption of $1.25 billion Senior Notes reflects strong liquidity position.
- Effective management of liabilities enhances financial stability.
Negative
- None.
Details
News Market Reaction – PNC
The recorded move for PNC in the trading session of this news was -2.26%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PITTSBURGH, March 19, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on March 30, 2021, of all of the outstanding Senior Notes due April 29, 2021, issued by PNC Bank, National Association in the amount of
Payment of the redemption price will be made through the facilities of The Depository Trust Company.
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACTS:
MEDIA:
Marcey Zwiebel
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.
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