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Prospect News home > News index > List of issuers B > Headlines for BB&T Corp. > News item
Published on 3/14/2012 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

BB&T announces intention to redeem $3.2 billion of trust preferreds

By Ashley Montgomery

Kansas City, Kan., March 14 - BB&T Corp. plans to redeem $3.2 billion of its trust preferred securities, according to a filing with the Securities and Exchange Commission.

The company said it would begin the redemptions this year, and it would not issue replacement capital.

BB&T is a financial services company based in Winston-Salem, N.C.


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