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Published on 6/17/2022 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

PNC Bank to redeem all $750 million 2.45% notes due 2022 at par

By Rebecca Melvin

Concord, N.H., June 17 – PNC Financial Services Group, Inc. announced the redemption of all $750 million outstanding 2.45% senior notes due July 28, 2022 (Cusip: 69353RFE3) issued by PNC Bank NA.

The bank will redeem the notes at par plus accrued interest on June 28.

Payment will be made through the facilities of Depository Trust Co.

PNC is a financial services company based in Pittsburgh.


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