Truist Bank to redeem fixed rate senior notes due January 2022
Dec. 03, 2021 4:22 PM ETTruist Financial Corporation (TFC)By: SA News Team
- Truist Bank, member of Truist Financial (NYSE:TFC), plans to redeem all $1B principal amount outstanding of its fixed rate senior notes due Jan. 15, 2022 on Dec.15.
- 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.
- Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.