Fifth Third Bancorp announces issue of trust preferred securities

By Andrea Heisinger

Omaha, Oct. 22 - Fifth Third Capital Trust VI, a part of Fifth Third Bancorp, announced an issue of trust preferred securities Monday.

Sources said they were unsure when the issue would price.

Bookrunners are Merrill Lynch, Citigroup Global Markets Inc. and UBS Investment Bank.

Proceeds will be used to purchase junior subordinated notes due 2067.

The diversified financial services company is based in Cincinnati.

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