Truist Announces Redemption of $850 Million Subordinated Notes Due in October 2026
Truist Financial Corporation (NYSE: TFC) has announced the redemption of all $850 million principal amount outstanding of its fixed-rate subordinated notes due on October 30, 2026. The redemption will occur on September 30, 2026 at a price equal to 100% of the principal plus accrued and unpaid interest up to but not including the redemption date. The move is part of Truist's capital management strategy and reflects its ability to manage debt obligations effectively. The payment will be facilitated through The Depository Trust Company, ensuring efficient settlement for holders of these notes.
Tickers: $TFC