Truist Bank to redeem $850M in subordinated notes in September
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Truist Bank (NYSE: TFC) announced it will redeem all $850,000,000 in principal amount outstanding of its fixed rate subordinated notes due Oct. 30, 2026, on a redemption date of Sept. 30, 2026.
The redemption price will equal 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. Interest on the notes will cease to accrue on and after the redemption date.
Payment will be processed through the facilities of The Depository Trust Company. The notes carry the CUSIP identifier 07330MAA5.
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