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Published on 9/6/2019 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

PNC Bank to redeem $1.25 billion 2.4% notes due 2019 on Sept. 18

By Angela McDaniels

Tacoma, Wash., Sept. 6 – PNC Bank, NA will redeem all of its outstanding 2.4% senior notes due Oct. 18, 2019 issued in the amount of $1.25 billion, according to a news release from PNC Financial Services Group, Inc.

The redemption price will be equal to $1,000 per $1,000 principal amount plus any accrued distributions to the redemption date, Sept. 18.

PNC Financial Services Group is a financial services company based in Pittsburgh.


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