Truist Bank schedules early redemption of $850 million of subordinated notes
Truist Bank ($TFC) announced plans to redeem $850 million of subordinated notes on September 30, ahead of their scheduled October 30 maturity. Holders will receive the principal amount plus accrued and unpaid interest through the redemption date. The bank said interest will stop accruing once the notes are redeemed under the notice. The transaction concerns a debt obligation of Truist Financial’s banking subsidiary, rather than a repurchase of the parent company’s common shares or a special divi
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