{"id":514193,"date":"2021-07-16T16:13:12","date_gmt":"2021-07-16T20:13:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/"},"modified":"2021-07-16T16:13:12","modified_gmt":"2021-07-16T20:13:12","slug":"truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/","title":{"rendered":"Truist Bank announces redemption of senior bank notes due August 2022"},"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\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">July 16, 2021<\/span> \/PRNewswire\/ &#8212; Truist Bank today announced it will redeem all <span class=\"xn-money\">$500,000,000<\/span> principal amount outstanding of its 3.502% fixed-to-floating rate senior bank notes due <span class=\"xn-chron\">Aug. 2, 2022<\/span> (CUSIP 86787EAX5) and all <span class=\"xn-money\">$300,000,000<\/span> principal amount outstanding of its floating rate senior bank notes due <span class=\"xn-chron\">Aug. 2, 2022<\/span> (CUSIP 86787EAW7) on the redemption date of <span class=\"xn-chron\">Aug. 2, 2021<\/span>.<\/p>\n<p>The redemption price for each series of senior bank notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on each series of senior bank notes will cease to accrue on and after the redemption date.<\/p>\n<p>Payment of the redemption price for the notes will be made through the facilities of The Depository Trust Company.<\/p>\n<p>\n        <b><br \/>\n          <u>About Truist<\/u><br \/>\n        <\/b><br \/>\n        <br \/>Truist Financial Corporation (NYSE: TFC) 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 a top 10 U.S. commercial bank with total assets of <span class=\"xn-money\">$522 billion<\/span> as of <span class=\"xn-chron\">June 30, 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=3231055-1&amp;h=2667698926&amp;u=https%3A%2F%2Fwww.truist.com%2F&amp;a=Truist.com\" rel=\"nofollow noopener\">Truist.com<\/a>.<\/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=CL46309&amp;sd=2021-07-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022-301335750.html\">https:\/\/www.prnewswire.com\/news-releases\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022-301335750.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=CL46309&amp;Transmission_Id=202107161610PR_NEWS_USPR_____CL46309&amp;DateId=20210716\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHARLOTTE, N.C., July 16, 2021 \/PRNewswire\/ &#8212; Truist Bank today announced it will redeem all $500,000,000 principal amount outstanding of its 3.502% fixed-to-floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAX5) and all $300,000,000 principal amount outstanding of its floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAW7) on the redemption date of Aug. 2, 2021. The redemption price for each series of senior bank notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on each series of senior bank notes will cease to accrue on and after the redemption date. Payment of the redemption price for the notes will be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Truist Bank announces redemption of senior bank notes due August 2022&#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-514193","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Truist Bank announces redemption of senior bank notes due August 2022 - 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-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Truist Bank announces redemption of senior bank notes due August 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHARLOTTE, N.C., July 16, 2021 \/PRNewswire\/ &#8212; Truist Bank today announced it will redeem all $500,000,000 principal amount outstanding of its 3.502% fixed-to-floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAX5) and all $300,000,000 principal amount outstanding of its floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAW7) on the redemption date of Aug. 2, 2021. The redemption price for each series of senior bank notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on each series of senior bank notes will cease to accrue on and after the redemption date. Payment of the redemption price for the notes will be &hellip; Continue reading &quot;Truist Bank announces redemption of senior bank notes due August 2022&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-16T20:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16\" \/>\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-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Truist Bank announces redemption of senior bank notes due August 2022\",\"datePublished\":\"2021-07-16T20:13:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/\"},\"wordCount\":254,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL46309&amp;sd=2021-07-16\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/\",\"name\":\"Truist Bank announces redemption of senior bank notes due August 2022 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL46309&amp;sd=2021-07-16\",\"datePublished\":\"2021-07-16T20:13:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL46309&amp;sd=2021-07-16\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL46309&amp;sd=2021-07-16\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Truist Bank announces redemption of senior bank notes due August 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Truist Bank announces redemption of senior bank notes due August 2022 - 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\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/","og_locale":"en_US","og_type":"article","og_title":"Truist Bank announces redemption of senior bank notes due August 2022 - Market Newsdesk","og_description":"PR Newswire CHARLOTTE, N.C., July 16, 2021 \/PRNewswire\/ &#8212; Truist Bank today announced it will redeem all $500,000,000 principal amount outstanding of its 3.502% fixed-to-floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAX5) and all $300,000,000 principal amount outstanding of its floating rate senior bank notes due Aug. 2, 2022 (CUSIP 86787EAW7) on the redemption date of Aug. 2, 2021. The redemption price for each series of senior bank notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on each series of senior bank notes will cease to accrue on and after the redemption date. Payment of the redemption price for the notes will be &hellip; Continue reading \"Truist Bank announces redemption of senior bank notes due August 2022\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-16T20:13:12+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16","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\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Truist Bank announces redemption of senior bank notes due August 2022","datePublished":"2021-07-16T20:13:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/"},"wordCount":254,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/","name":"Truist Bank announces redemption of senior bank notes due August 2022 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16","datePublished":"2021-07-16T20:13:12+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL46309&amp;sd=2021-07-16"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/truist-bank-announces-redemption-of-senior-bank-notes-due-august-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Truist Bank announces redemption of senior bank notes due August 2022"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/514193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=514193"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/514193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=514193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=514193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=514193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}