{"id":478286,"date":"2021-04-19T16:13:22","date_gmt":"2021-04-19T20:13:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\/"},"modified":"2021-04-19T16:13:22","modified_gmt":"2021-04-19T20:13:22","slug":"truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\/","title":{"rendered":"Truist announces redemption of floating rate senior notes due June 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<p>\n        <span class=\"xn-location\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">April 19, 2021<\/span> \/PRNewswire\/ &#8212; Truist Financial Corporation (NYSE: TFC) today announced it will redeem all <span class=\"xn-money\">$250,000,000<\/span> principal amount outstanding of its floating rate senior notes due <span class=\"xn-chron\">June 1, 2021<\/span> (CUSIP 05531FBC6) on the redemption date of <span class=\"xn-chron\">May 1, 2021<\/span>.<\/p>\n<p>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.<\/p>\n<p>As the redemption date occurs on a weekend, payment of the redemption price of the senior notes will be made the next following business day, <span class=\"xn-chron\">May 3, 2021<\/span>, through the facilities of The Depository Trust Company.<\/p>\n<p>\n        <b><br \/>\n          <u>About Truist<br \/><\/u><br \/>\n        <\/b>Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&amp;T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in <span class=\"xn-location\">Charlotte, North Carolina<\/span>, Truist is the sixth-largest commercial bank in the U.S. with total assets of <span class=\"xn-money\">$518 billion<\/span> as of <span class=\"xn-chron\">March 31, 2021<\/span>. Truist Bank, Member FDIC. Learn more at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3133897-1&amp;h=1354927516&amp;u=https%3A%2F%2Fwww.truist.com%2F&amp;a=Truist.com\" rel=\"nofollow noopener\">Truist.com<\/a>.<\/p>\n<p class=\"prntac\"># # #<\/p>\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=CL47593&amp;sd=2021-04-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021-301271830.html\">http:\/\/www.prnewswire.com\/news-releases\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021-301271830.html<\/a><\/p>\n<p>SOURCE  Truist Financial Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL47593&amp;Transmission_Id=202104191610PR_NEWS_USPR_____CL47593&amp;DateId=20210419\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHARLOTTE, N.C., April 19, 2021 \/PRNewswire\/ &#8212; Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $250,000,000 principal amount outstanding of its floating rate senior notes due June 1, 2021 (CUSIP 05531FBC6) on the redemption date of May 1, 2021. 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. As the redemption date occurs on a weekend, payment of the redemption price of the senior notes will be made the next following business day, May 3, 2021, through the facilities of The Depository &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Truist announces redemption of floating rate senior notes due June 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-478286","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>Truist announces redemption of floating rate senior notes due June 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\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Truist announces redemption of floating rate senior notes due June 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHARLOTTE, N.C., April 19, 2021 \/PRNewswire\/ &#8212; Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $250,000,000 principal amount outstanding of its floating rate senior notes due June 1, 2021 (CUSIP 05531FBC6) on the redemption date of May 1, 2021. 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. As the redemption date occurs on a weekend, payment of the redemption price of the senior notes will be made the next following business day, May 3, 2021, through the facilities of The Depository &hellip; Continue reading &quot;Truist announces redemption of floating rate senior notes due June 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-19T20:13:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL47593&amp;sd=2021-04-19\" \/>\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\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Truist announces redemption of floating rate senior notes due June 2021\",\"datePublished\":\"2021-04-19T20:13:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/\"},\"wordCount\":249,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL47593&amp;sd=2021-04-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-announces-redemption-of-floating-rate-senior-notes-due-june-2021\\\/\",\"name\":\"Truist announces redemption of floating rate senior notes due June 2021 - 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