Fifth Third Bancorp to Redeem $750 Million in Subordinated Bank Notes

MT Newswires Live

01/13

Fifth Third Bancorp (FITB) said Tuesday that its Fifth Third Bank unit has issued a notice to redeem $750 million of its 3.850% subordinated notes due March 2026.

The securities are scheduled to be redeemed on or after Feb. 13 for the full principal amount plus any interest that has accumulated up to the redemption date, the company said.

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