New Issue: Huntington Bancshares sells $500 million 4% seven-year notes at 112.5 bps spread

By Cristal Cody

Tupelo, Miss., May 8 – Huntington Bancshares Inc. priced $500 million of 4% seven-year senior notes with a spread of 112.5 basis points over Treasuries on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa1/BBB+/A-) priced at 99.686 to yield 4.052%.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, RBC Capital Markets LLC and Huntington Investment Co. were the bookrunners.

Proceeds will be used for general corporate purposes.

Huntington Bancshares is a Columbus, Ohio-based regional bank holding company.

Issuer:	Huntington Bancshares Inc.
Amount:	$500 million
Description:	Senior notes
Maturity:	May 15, 2025
Bookrunners:	Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and Huntington Investment Co.
Co-managers:	Deutsche Bank Securities Inc., MUFG and Sandler O’Neill & Partners, LP
Coupon:	4%
Price:	99.686
Yield:	4.052%
Spread:	Treasuries plus 112.5 bps
Call feature:	On or after April 15, 2025 at par
Trade date:	May 8
Settlement date:	May 15
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A-
Distribution:	SEC registered

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