{"id":398196,"date":"2020-12-11T08:22:28","date_gmt":"2020-12-11T13:22:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398196"},"modified":"2020-12-11T08:22:28","modified_gmt":"2020-12-11T13:22:28","slug":"pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/","title":{"rendered":"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">PITTSBURGH<\/span>, <span class=\"xn-chron\">Dec. 11, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on <span class=\"xn-chron\">Dec. 23, 2020<\/span> of all of the outstanding Senior Notes due <span class=\"xn-chron\">Jan. 22, 2021<\/span> issued by PNC Bank, National Association in the amount of <span class=\"xn-money\">$900,000,000<\/span> (CUSIP 69353RFH6). The securities have a distribution rate of 2.500% and an original scheduled maturity date of <span class=\"xn-chron\">Jan. 22, 2021<\/span>. The redemption price will be equal to <span class=\"xn-money\">$1,000<\/span> per <span class=\"xn-money\">$1,000<\/span> in principal amount, plus any accrued and unpaid distributions to the redemption date of <span class=\"xn-chron\">Dec. 23<\/span>, 2020.\u00a0 <\/p>\n<p>Payment of the redemption price will be made through the facilities of The Depository Trust Company. <\/p>\n<p>The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in <span class=\"xn-location\">the United States<\/span>, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3010411-1&amp;h=471346635&amp;u=http%3A%2F%2Fwww.pnc.com%2F&amp;a=www.pnc.com\" rel=\"nofollow noopener noreferrer\">www.pnc.com<\/a>.<\/p>\n<p>\n        <b>CONTACTS:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <u>MEDIA<\/u><br \/>\n        <\/b>:\u00a0\u00a0\u00a0\u00a0<b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/><\/b>Marcey Zwiebel\u00a0 <br \/>(412) 762-4550\u00a0 <br \/><a target=\"_blank\" href=\"mailto:media.relations@pnc.com\" rel=\"nofollow noopener noreferrer\">media.relations@pnc.com<\/a>\u00a0<\/p>\n<p>\n        <b><br \/>\n          <u>INVESTORS<\/u>:<\/b>\u00a0 <br \/>Bryan Gill\u00a0 <br \/>(412) 768-4143\u00a0 <br \/><a target=\"_blank\" href=\"mailto:investor.relations@pnc.com\" rel=\"nofollow noopener noreferrer\">investor.relations@pnc.com<\/a>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2703\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg\" title=\"PNC Logo\" alt=\"PNC Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE21373&amp;sd=2020-12-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22--2021--301191211.html\">http:\/\/www.prnewswire.com\/news-releases\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22&#8211;2021&#8211;301191211.html<\/a><\/p>\n<p>SOURCE  PNC Financial Services Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE21373&amp;Transmission_Id=202012110819PR_NEWS_USPR_____NE21373&amp;DateId=20201211\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PITTSBURGH, Dec. 11, 2020 \/PRNewswire\/ &#8212;\u00a0The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 23, 2020 of all of the outstanding Senior Notes due Jan. 22, 2021 issued by PNC Bank, National Association in the amount of $900,000,000 (CUSIP 69353RFH6). The securities have a distribution rate of 2.500% and an original scheduled maturity date of Jan. 22, 2021. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Dec. 23, 2020.\u00a0 Payment of the redemption price will be made through the facilities of The Depository Trust Company. The PNC Financial Services Group, Inc. is one of the largest diversified &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398196","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PITTSBURGH, Dec. 11, 2020 \/PRNewswire\/ &#8212;\u00a0The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 23, 2020 of all of the outstanding Senior Notes due Jan. 22, 2021 issued by PNC Bank, National Association in the amount of $900,000,000 (CUSIP 69353RFH6). The securities have a distribution rate of 2.500% and an original scheduled maturity date of Jan. 22, 2021. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Dec. 23, 2020.\u00a0 Payment of the redemption price will be made through the facilities of The Depository Trust Company. The PNC Financial Services Group, Inc. is one of the largest diversified &hellip; Continue reading &quot;PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T13:22:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021\",\"datePublished\":\"2020-12-11T13:22:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/\"},\"wordCount\":216,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/364550\\\/PNC_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\\\/\",\"name\":\"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/","og_locale":"en_US","og_type":"article","og_title":"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021 - Market Newsdesk","og_description":"PR Newswire PITTSBURGH, Dec. 11, 2020 \/PRNewswire\/ &#8212;\u00a0The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 23, 2020 of all of the outstanding Senior Notes due Jan. 22, 2021 issued by PNC Bank, National Association in the amount of $900,000,000 (CUSIP 69353RFH6). The securities have a distribution rate of 2.500% and an original scheduled maturity date of Jan. 22, 2021. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Dec. 23, 2020.\u00a0 Payment of the redemption price will be made through the facilities of The Depository Trust Company. The PNC Financial Services Group, Inc. is one of the largest diversified &hellip; Continue reading \"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-11T13:22:28+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021","datePublished":"2020-12-11T13:22:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/"},"wordCount":216,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-announces-redemption-of-2-500-percent-senior-bank-notes-due-january-22-2021\/","name":"PNC Announces Redemption of 2.500 Percent Senior Bank Notes Due January 22, 2021 - 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