By Cristal Cody
Tupelo, Miss., July 30 – Huntington Bancshares Inc. sold $800 million of 2.625% five-year senior notes on Tuesday at a spread of 83 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB+/A-) priced at 99.781 to yield 2.672%.
Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. 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: | $800 million
|
| Description: | Senior notes
|
| Maturity: | Aug. 6, 2024
|
| Bookrunners: | Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Huntington Investment Co.
|
| Co-managers: | Credit Suisse Securities (USA) LLC and MUFG
|
| Coupon: | 2.625%
|
| Price: | 99.781
|
| Yield: | 2.672%
|
| Spread: | Treasuries plus 83 bps
|
| Call feature: | On or after July 6, 2024 at par
|
| Trade date: | July 30
|
| Settlement date: | Aug. 6
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
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