SunTrust to issue trust preferreds; pricing expected Wednesday

By Andrea Heisinger

Omaha, Feb. 25 - SunTrust Capital IX announced Monday it will price an issue of 60-year trust preferred securities, according to a 424B5 filing with the Securities and Exchange Commission.

The issue will likely be Wednesday's business, a source close to the deal said.

The securities will be non-callable for five years.

Bookrunners are Morgan Stanley & Co. Inc., Citigroup Global Markets Inc., SunTrust Robinson Humphrey and UBS Investment Bank.

The funding branch of SunTrust Banks, Inc. is based in Atlanta.

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