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Truist announces redemption of senior notes due September 2021
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CHARLOTTE, N.C., July 23, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $500,000,000 principal amount outstanding of its 3.200% senior notes due Sept. 3, 2021 (CUSIP 05531FBD4) on the redemption date of Aug. 3, 2021.
The redemption price for the senior notes will be equal to 100% of their 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 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 $522 billion as of June 30, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.
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.
View original content:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-september-2021-301340354.html