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Published on 3/19/2021 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

PNC Financial to early redeem $1.25 billion 2.15% notes due 2021

By Taylor Fox

New York, March 19 – PNC Financial Services Group, Inc. plans to redeem all of the $1.25 billion outstanding 2.15% senior notes due April 29, 2021 (Cusip: 69353REW4) issued by PNC Bank, NA, according to a news release.

The notes will be redeemed on March 30 at par plus accrued distributions to the redemption date.

PNC is a financial services company based in Pittsburgh.


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