Truist Bank to redeem all $500 million 3.689% fixed-to-floaters

By Wendy Van Sickle

Columbus, Ohio, July 17 – Truist Bank announced it will redeem all $500 million of its 3.689% fixed-to-floating rate senior bank notes due Aug. 2, 2024 (Cusip: 86787EAY3) on Aug. 2, according to a press release on Monday.

The notes will be redeemed at par plus accrued interest.

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

Truist Bank is based in Charlotte, N.C.

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