Truist Financial Corporation has announced its intention to redeem its floating rate senior notes, which are due on July 28, 2026. The redemption will occur on July 28, 2025, involving a total principal amount of $1.5 billion. The redemption price will equal 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. After this date, interest will no longer accrue on these notes. The payment for this redemption will be facilitated through The Depository Trust Company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.