Truist Announces Redemption of Senior Notes due February 2021
Truist Financial Corporation (NYSE: TFC) has announced a redemption of all outstanding $1 billion of its 2.150% Series G Senior Notes and $300 million of its Series G Floating Rate Senior Notes, both due February 1, 2021.
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Truist Financial Corporation (NYSE: TFC) has announced a redemption of all outstanding $1 billion of its 2.150% Series G Senior Notes and $300 million of its Series G Floating Rate Senior Notes, both due February 1, 2021. The redemption will take place on January 1, 2021, with the price set at 100% of the principal plus accrued interest. Payments will occur on the next business day, January 4, 2021. Truist is the sixth-largest commercial bank in the U.S., with total assets of $499 billion as of September 30, 2020.
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News Market Reaction – TFC
The recorded move for TFC in the trading session of this news was +1.09%.
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CHARLOTTE, N.C., Dec. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem on January 1, 2021, all
The redemption price for the Senior Notes will be equal to
As the redemption date is a holiday, payment of the redemption price of the Senior Notes will be made the next following business day, January 4, 2021, through the facilities of The Depository Trust Company.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, 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 the sixth-largest commercial bank in the U.S. with total assets of
View original content:http://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-february-2021-301193472.html
SOURCE Truist Financial Corporation
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