CHARLOTTE, N.C., Feb. 10, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $300,000,000 principal amount outstanding of its 3.95% subordinated notes due Mar. 22, 2022 (CUSIP 05531GAA9) on the redemption date of Feb. 22, 2022.

The redemption price for the subordinated notes will be equal to 100% of their principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the subordinated notes will cease to accrue on and after the redemption date.

Payment of the redemption price for the subordinated 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. 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 a top 10 U.S. commercial bank with total assets of $541 billion as of December 31, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

SOURCE Truist Financial Corporation