BB&T plans to price five-year fixed-, floating-rate medium-term notes

By Aleesia Forni

Virginia Beach, June 22 – BB&T Corp. is planning to tap the market for a two-part sale of medium-term senior notes, series E, according to a source and a 424B3 filing with the Securities and Exchange Commission.

The offering will include fixed- and floating-rate tranche of notes due June 2020.

The joint bookrunners are BB&T Capital Markets LLC, Deutsche Bank Securities Inc. and Goldman Sachs & Co.

Proceeds will be used for general corporate purposes, including the acquisition of companies, the repurchase of outstanding common stock, the repayment of maturing obligations and the refinancing of outstanding debt as well as extending credit to, or funding investments in, subsidiaries.

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

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