New Issue: Regions Financial sells $750 million 2.25% five-year notes at 200 bps over Treasuries

By Devika Patel

Knoxville, Tenn., May 14 – Regions Financial Corp. priced $750 million of 2.25% five-year senior notes (Baa2/BBB+/BBB+) on Wednesday at 99.695 to yield 2.315% at a spread of Treasuries plus 200 basis points, according to an FWP filing with the Securities and Exchange Commission.

The bookrunners were J.P. Morgan Securities LLC, Barclays, Goldman Sachs & Co. LLC, RBC Capital Markets Corp. and Regions Securities LLC.

Regions Financial is a Birmingham, Ala.-based financial holding company.

Issuer:	Regions Financial Corp.
Amount:	$750 million
Description:	Senior notes
Maturity:	May 18, 2025
Bookrunners:	J.P. Morgan Securities LLC, Barclays, Goldman Sachs & Co. LLC, RBC Capital Markets Corp. and Regions Securities LLC
Senior co-managers:	MUFG and U.S. Bancorp Investments Inc.
Co-managers:	BofA Securities Inc., Academy Securities Inc. and Siebert Williams Shank & Co. LLC
Coupon:	2.25%
Price:	99.695
Yield:	2.315%
Spread:	Treasuries plus 200 bps
Call features:	Make-whole call at Treasuries plus 30 bps until April 18, 2025; thereafter at par
Trade date:	May 13
Settlement date:	May 18
Ratings:	Moody’s: Baa2
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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