Truist announces redemption of callable fixed rate notes due October 2022
Truist Financial Corporation (NYSE: TFC) has announced the redemption of $9,436,000 principal amount of its 2.60% callable notes due October 30, 2022, effective July 30, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Truist Financial Corporation (NYSE: TFC) has announced the redemption of $9,436,000 principal amount of its 2.60% callable notes due October 30, 2022, effective July 30, 2021. The redemption price will be 100% of the principal plus accrued interest, with interest ceasing on the redemption date. The payment process will occur via The Depository Trust Company. As of March 31, 2021, Truist held total assets of $518 billion, ranking among the top 10 U.S. commercial banks.
Positive
- Redemption of $9,436,000 callable notes indicates financial stability.
- Truist remains a top 10 U.S. commercial bank with $518 billion in assets.
Negative
- None.
Details
News Market Reaction – TFC
The recorded move for TFC in the trading session of this news was +0.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., June 22, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all
The redemption price for the notes will be equal to
Payment of the redemption price for the notes will be made through the facilities of The Depository Trust Company.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of
View original content:http://www.prnewswire.com/news-releases/truist-announces-redemption-of-callable-fixed-rate-notes-due-october-2022-301317661.html
SOURCE Truist Financial Corporation
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