PNC Financial Services to redeem $750M of 2.45% senior notes due July 2022 a month earlier

Jun. 17, 2022 8:15 AM ETThe PNC Financial Services Group, Inc. (PNC)By: Niloofer Shaikh, SA News Editor
  • The PNC Financial Services Group (NYSE:PNC) to redeem all outstanding $750M of 2.450% senior notes due July 28, 2022, issued by PNC Bank, National Association on June 28, 2022.
  • The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions.
  • Payment of the redemption price will be made through the facilities of The Depository Trust Company.
  • Shares up 0.4% PM and down about 27% on YTD basis.

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