Truist Financial (TFC) said late Wednesday it will redeem all $1.50 billion of its fixed-to-floating rate senior notes due June 8, 2027, on the redemption date of June 8, 2026.
The redemption price will be equal to 100% of the principal amount, the company said.
3:00 Wednesday vs 3:00 Tuesday2yr 99-30 vs 99-14; 4.031% vs 4.047%5yr 98-21 vs 98-20; 4.172% vs 4.183%10yr 99-05+ vs 99-02; 4.477% vs 4.491%30yr 99-27 vs 99-19; 5.009% vs 5.025%2/10 44.394 bps vs 44.178 bps5/30 83.336 bps vs 84.160 bps
The US Treasury's 5-year auction hit a high yield of 4.182% on Wednesday, up from the 3.955% high in the previous auction.The bid to cover ratio for the auction was 2.34, above the 2.33 ratio in the previous auction.Dealers represented 54.58% of the bids, with direct bidders at 7.88% and indirect bidders at 37.53%.For takedown, dealers took 12.80%, with direct bidders at 12.34% and indirect bidders at 74.85%.