PR Newswire | Mar 30, 2021 06:45AM EDT

03/30 05:45 CDT

Truist announces redemption of senior notes due May 2021 CHARLOTTE, N.C., March 30, 2021

CHARLOTTE, N.C., March 30, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its 2.050% senior notes due May 10, 2021 (CUSIP No. 05531FAV5) on the redemption date of April 9, 2021.

The redemption price for the senior notes will be equal to 100% of their 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 TruistTruist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation