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PNC Bank to sell benchmark 10-year subordinated notes Wednesday
By Andrea Heisinger
New York, Oct. 17 - PNC Bank NA is expected to price a benchmark-sized offering of 10-year subordinated notes on Wednesday, a source close to the trade said.
The notes (A3/A-/A) will be sold via syndicates Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and PNC Capital Markets LLC.
The subsidiary of PNC Financial Services Group is based in Pittsburgh.
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