New Issue: Regions Financial prices $1 billion 2.75% five-year senior notes at 95 bps spread

By Cristal Cody

Tupelo, Miss., Aug. 7 – Regions Financial Corp. sold $1 billion of 2.75% five-year senior notes (Baa2/BBB/BBB) on Monday at 99.949 to yield 2.761% and a spread of 95 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.

The company dropped a planned tranche of five-year floating-rate notes from the final sale.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Regions Securities LLC were the bookrunners.

Proceeds will be used for general corporate purposes.

Regions is a financial services company based in Birmingham, Ala.

Issuer:	Regions Financial Corp.
Amount:	$1 billion
Description:	Senior notes
Maturity:	Aug. 14, 2022
Bookrunners:	Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Regions Securities LLC
Co-managers:	Citigroup Global Markets Inc., Barclays, Sandler O’Neill & Partners, LP, R. Seelaus & Co., Inc., Academy Securities, Inc. and Samuel A. Ramirez & Co., Inc.
Coupon:	2.75%
Price:	99.949
Yield:	2.761%
Spread:	Treasuries plus 95 bps
Call features:	Any time after Feb. 14, 2018 and before July 14, 2022 at par plus make-whole amount of Treasuries plus 15 bps; thereafter at par
Trade date:	Aug. 7
Settlement date:	Aug. 14
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB
Distribution:	SEC registered

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