Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (2024)

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03:46:38 2024-05-29 pm EDT
5-day change 1st Jan Change
37.42 USD -0.86% Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (1) -3.91% +1.22%
May. 28 Truist Financial to Redeem $1 Billion of Notes MT
May. 28 Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 CI

Truist Financial Corporation announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes due June 9, 2025 on the redemption date of June 9, 2024. 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.

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Latest news about Truist Financial Corporation

Truist Financial to Redeem $1 Billion of Notes MT
Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 CI
Stephens Adjusts Price Target on Truist Financial to $47 From $43, Keeps Overweight Rating MT
Piper Sandler Adjusts Price Target on Truist Financial to $41 From $38, Keeps Neutral Rating MT
Compass Point Adjusts Truist Financial's Price Target to $43 From $42 MT
China confirms its awakening Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (2)
Jefferies Adjusts Price Target on Truist Financial to $42 From $41 MT
MT
HSBC Adjusts Price Target on Truist Financial to $41 From $40, Keeps Hold Rating MT
JPMorgan Adjusts Price Target on Truist Financial to $41 From $40.50, Keeps Neutral Rating MT
Goldman Sachs Raises Price Target on Truist Financial to $47 From $45 MT
Raymond James Raises Price Target on Truist Financial to $43 From $41 MT
Truist Financial Completes Insurance Unit Sale, Implements Balance Sheet Repositioning MT
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JPMorgan Adjusts Price Target on Truist Financial to $40.50 From $39.50 MT
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Declared voting Results by Truist Financial Corporation CI
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Declared voting Results by Truist Financial Corporation CI
Truist Financial Corporation Approves Appointments of Directors CI
HSBC Adjusts Truist Financial's Price Target to $40 From $39, Keeps Hold Rating MT
Citigroup Adjusts Price Target on Truist Financial to $45 From $42, Buy Rating Maintained MT

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Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (3)

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Company Profile

Truist Financial Corporation is a financial holding company organized around 2 areas of activity:- banking activities (Branch Banking and Trust Company): sale of standard and specialized banking products and services (factoring, leasing, insurance, consumer credit, real estate credit, etc.). At the end of 2020, products and services were marketed through a network of 2,781 branches located in the United States;- financial services: primarily asset management, auto financing, brokerage services, and securities services.At the end of 2020, the group had USD 363.3 billion in current deposits and USD 314.5 billion in current credits.

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Banks

Calendar

2024-05-30 - Bernstein Strategic Decisions Conference

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Ratings for Truist Financial Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B

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Analysts' Consensus

Sell

Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (4)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

23

Last Close Price

37.75USD

Average target price

43.11USD

Spread / Average Target

+14.20%

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1st Jan change Capi.

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Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (15)

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Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025 (2024)
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