BB&T selling five-year fixed-, floating-rate notes Friday

By Andrea Heisinger

New York, June 14 - BB&T Corp. is tapping Friday's market for five-year notes (A2/A-/A+) in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The sale will include tranches with a fixed rate and floating rate, both with maturities in June of 2018.

Bookrunners are BB&T Capital Markets LLC, Deutsche Bank Securities Inc. and Goldman Sachs & Co.

Proceeds will be used for general corporate purposes, including the acquisition of companies, repurchase of outstanding common stock, repayment of maturing obligations and refinancing outstanding debt and extending credit to, or funding investments in, subsidiaries.

BB&T was last in the U.S. bond market with a $500 million offering of 1.45% five-year notes priced at 85 basis points over Treasuries on Nov. 14, 2012.

The bank and financial services company is based in Winston-Salem, N.C.

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