1. Truist to redeem $750 million senior notes due October 2026. 2. Redemption price equals 100% principal plus accrued interest. 3. Payment through The Depository Trust Company. 4. Truist maintains strong market position with $544 billion in assets. 5. Transaction set for October 28, 2025.
Redeeming senior notes indicates financial stability and effective capital management, historically boosting investor confidence. Similar actions often lead to positive price movements for financial institutions.
The article discusses a significant financial action by TFC, which can influence investors' perceptions and market positioning.
The immediate positive sentiment around the redemption will likely impact TFC's price in the short term, as investors respond quickly to financial moves.
CHARLOTTE, N.C., Oct. 16, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced it will redeem all $750,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due October 28, 2026 (CUSIP 89788MAJ1) on the redemption date of October 28, 2025.
The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.
Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of June 30, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
View original content:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-october-2026-302586601.html
SOURCE Truist Financial Corporation