BB&T's $500 million five-year notes talked at Treasuries plus 78 bps area, pricing Wednesday

By Andrea Heisinger

New York, Nov. 14 - BB&T Corp. is set to price $500 million of medium-term senior notes due January 2018 on Wednesday, an informed source said.

The notes (A2/A-/A+) are being talked in the 78 basis points over Treasuries area, plus or minus 1 bp, the source said.

There is a make-whole call on or after December 2017.

Bookrunners are Barclays, BB&T Capital Markets, Deutsche Bank Securities Inc. and Jefferies & Co.

Proceeds will be used for general corporate purposes.

BB&T was last in the bond market with a $750 million sale of 1.6% five-year notes priced at 93 bps over Treasuries on Aug. 7.

The bank and financial services company is based in Winston-Salem, N.C.

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