BB&T plans to offer fixed- and floating-rate notes in three parts

By Devika Patel

Knoxville, Tenn., Oct. 23 – BB&T Corp. intends to price a three-part dollar-denominated offering of series G senior medium-term notes, according to a 424B3 filing with the Securities and Exchange Commission.

The deal includes two tranches of fixed-rate notes due February 2021 and October 2024 and one of floating-rate notes due February 2021. The floating-rate notes will bear interest at a rate based on Libor.

All of the notes will be callable at par plus interest on or after the redemption date, which is expected to be in January 2021 for the 2021 notes and September 2024 for the 2024 notes.

BB&T Capital Markets, Goldman Sachs & Co., Morgan Stanley & Co. LLC and UBS Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

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

© 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.