By Andrea Heisinger
New York, March 24 - SunTrust Banks, Inc. priced $576 million floating-rate notes due 2012 that are backed by the Federal Deposit Insurance Corp., a market source said.
The non-callable notes (Aaa/AAA/AAA) priced at par to yield one-month Libor plus 46 basis points.
Bookrunners were Credit Suisse Securities, Goldman Sachs & Co. and SunTrust Robinson Humphrey.
The bank holding company is based in Atlanta.
| Issuer: | SunTrust Banks, Inc.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $576 million
|
| Maturity: | 2012
|
| Bookrunners: | Credit Suisse Securities, Goldman Sachs & Co., SunTrust Robinson Humphrey
|
| Coupon: | One-month Libor plus 46 bps
|
| Price: | Par
|
| Yield: | One-month Libor plus 46 bps
|
| Call: | Non-callable
|
| Trade date: | March 23
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
