Fintech News

Truist Announces Redemption of 2.70% Senior Notes Due January 2022

Truist Announces Redemption of 2.70% Senior Notes Due January 2022

Truist Financial Corporation announced it will redeem all $1,000,000,000 principal amount outstanding of its 2.70% senior notes due 2022 (CUSIP 867914BM4) on the redemption date of 2021.

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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 senior notes will be made through the facilities of The Depository Trust Company.

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