SunTrust Banks to price fixed-rate and floating-rate senior notes

By Cristal Cody

Eureka Springs, Ark., Feb. 29 – SunTrust Banks, Inc. intends to sell fixed-rate and floating-rate senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

SunTrust Robinson Humphrey, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the lead managers.

Proceeds will be used to redeem the bank’s $1 billion outstanding of 3.6% senior notes due 2016 and for general corporate purposes.

Atlanta-based SunTrust Banks is a financial holding company for SunTrust Bank.

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