Truist announces redemption of senior notes due June 2027

Truist (NYSE:TFC) will redeem all $1.5 billion principal outstanding of its fixed-to-floating rate senior notes due June 8, 2027 on June 8, 2026.

Rhea-AI Summary

Truist (NYSE:TFC) will redeem all $1.5 billion principal outstanding of its fixed-to-floating rate senior notes due June 8, 2027 on June 8, 2026.

The redemption price equals 100% of principal plus accrued and unpaid interest, with payment processed through The Depository Trust Company. Truist reported total assets of $549 billion as of March 31, 2026.

Positive

• Redeeming $1.5 billion fixed-to-floating senior notes one year before June 2027 maturity
• Redemption at 100% of principal plus accrued and unpaid interest as specified
• Large balance sheet with $549 billion in total assets as of March 31, 2026

Negative

• Obligation to pay $1.5 billion principal plus accrued interest on June 8, 2026

Argus May 28 session

-1.36% close to close Open Argus

Details

News Market Reaction – TFC

In the May 28 session, TFC declined 1.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details Truist’s plan to redeem $1.5 billion of fixed-to-floating rate senior note...

Analysis

This announcement details Truist’s plan to redeem $1.5 billion of fixed-to-floating rate senior notes due June 2027 on June 8, 2026 at 100% of principal plus accrued interest. In context, Truist recently reported first quarter 2026 results and maintained total assets of about $549 billion. Investors may watch how this liability management step interacts with recent preferred issuances and ongoing capital return, alongside future earnings and credit quality trends.

Key Figures

Senior notes principal: $1,500,000,000 Redemption date: June 8, 2026 Maturity date: June 8, 2027 +5 more

Senior notes principal

$1,500,000,000

Fixed-to-floating rate senior notes due June 8, 2027

Redemption date

June 8, 2026

Scheduled redemption date for senior notes

Maturity date

June 8, 2027

Original maturity of redeemed senior notes

Redemption price

100% of principal

Plus accrued and unpaid interest to, but excluding, redemption date

Total assets

$549 billion

Total assets as of March 31, 2026 mentioned in release

Current share price

$48.68

Pre-news market context for TFC

52-week high

$56.195

Pre-news 52-week high level

52-week low

$38.2706

Pre-news 52-week low level

Historical Context

5 past events · Latest: May 21

5 events

1. May 21

   Conference appearance

   24h Move

   +1.0%

   CFO scheduled to speak at Morgan Stanley U.S. Financials Conference.

2. May 12

   Conference appearance

   24h Move

   -2.6%

   CEO to speak at Bernstein Annual Strategic Decisions Conference.

3. May 11

   Debt redemption

   24h Move

   -0.4%

   Redemption of $1.25B fixed-to-floating senior notes due May 2027.

4. Apr 28

   Dividend declaration

   24h Move

   -1.0%

   Declared $0.52 common dividend and preferred stock dividends.

5. Apr 17

   Earnings release

   24h Move

   +2.3%

   Reported Q1 2026 results and hosted quarterly earnings call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, fixed-to-floating rate, cusip, redemption price, +1 more

5 terms

senior notes financial

"it will redeem all $1,500,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due June 8, 2027"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

fixed-to-floating rate financial

"it will redeem all $1,500,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due June 8, 2027"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

cusip financial

"senior notes due June 8, 2027, (CUSIP 89788MAN2) on the redemption date"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

redemption price financial

"The redemption price for the senior notes will be equal to 100% of the principal amount"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

the depository trust company financial

"Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company."

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CHARLOTTE, N.C., May 27, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,500,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due June 8, 2027, (CUSIP 89788MAN2) on the redemption date of June 8, 2026.

The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.

Payment of the redemption price for the senior 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. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-june-2027-302782196.html

SOURCE Truist Financial Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What senior notes is Truist (NYSE:TFC) redeeming on June 8, 2026?

Truist is redeeming all $1.5 billion principal of its fixed-to-floating rate senior notes due June 8, 2027. According to Truist, the notes have CUSIP 89788MAN2 and will be fully redeemed on June 8, 2026.

What is the redemption price for Truist's senior notes due June 2027 (TFC)?

The redemption price equals 100% of the senior notes’ principal amount plus accrued and unpaid interest to, but excluding, June 8, 2026. According to Truist, interest will stop accruing on and after the redemption date.

How will Truist (TFC) pay the redemption amount for its senior notes in 2026?

Payment of the redemption price will be made through the facilities of The Depository Trust Company. According to Truist, holders will receive 100% of principal plus accrued and unpaid interest up to, but not including, the June 8, 2026 redemption date.

When will interest stop accruing on Truist's senior notes due June 2027?

Interest on the senior notes will cease to accrue on and after the June 8, 2026 redemption date. According to Truist, investors will receive accrued and unpaid interest only up to, but excluding, that redemption date.

How large is Truist (TFC) relative to the $1.5 billion note redemption?

Truist reported total assets of $549 billion as of March 31, 2026. According to Truist, the planned redemption covers $1.5 billion principal of fixed-to-floating rate senior notes, a small portion of its reported asset base.

What is the maturity date of Truist's redeemed senior notes versus the redemption date?

The senior notes have a scheduled maturity date of June 8, 2027, but Truist will redeem them on June 8, 2026. According to Truist, all $1.5 billion principal outstanding will be redeemed one year before maturity.