| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Truist Financial Corp. > News item |
Truist aims to offer floaters due 2025, fixed-to-floaters due 2029
By Devika Patel
Knoxville, Tenn., June 2 – Truist Financial Corp. intends to price senior notes in two parts, with a floating-rate tranche due June 2025 and a fixed-to-floating rate tranche due June 2029, according to a 424B3 filing with the Securities and Exchange Commission.
The bonds are initially non-callable and then feature a par call.
The floaters will accrue interest at a rate based on SOFR. The fixed-to-floaters accrue interest at a fixed rate until June 2028 and at a floating rate based on SOFR after that.
Truist Securities Inc., BofA Securities Inc. and UBS Securities LLC are the bookrunners.
Truist is a Charlotte, N.C.-based bank holding company.
© 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.