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Published on 5/29/2020 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

PNC Bank to redeem $800 million floaters due 2021 on June 10

By Rebecca Melvin

New York, May 29 – PNC Bank NA will redeem all of its outstanding senior floating-rate notes due June 10, 2021 issued in the amount of $800 million (Cusip 69353RFN3), according to a news release from PNC Financial Services Group Inc.

The redemption price will be par plus any accrued and unpaid interest to the June 10 redemption date.

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


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