Truist Announces Redemption of Senior Notes due March 2021
01/21/2021 - 04:15 PM
CHARLOTTE, N.C. , Jan. 21, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its 2.90% Senior Notes due March 3, 2021 (CUSIP 867914BK8) (the "Notes") on February 3, 2021 (the "Redemption Date").
The redemption price for the Notes will be equal to 100% of the principal amount of the Notes plus accrued but unpaid interest on the Notes to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue on and after the Redemption Date.
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 inspire and build better lives and communities. With the combined history 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 the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020 . Truist Bank, Member FDIC. Learn more at Truist.com .
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SOURCE Truist Financial Corporation
Truist Financial Corporation
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#4252 Ranked by Stock Gains
TFC Stock Data
Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Major Banks, Regional Banks, Finance and Insurance, Commercial Banking
Country
US
City
Charlotte
About TFC
bb&t and suntrust formed truist with a shared purpose—to inspire and build better lives and communities. with our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more.with 275 years of combined bb&t and suntrust history, truist serves approximately 12 million households with 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. truist bank, member fdic. learn more at truist.com and see social media terms and conditions at truist.com/socialterms.