E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for PNC Bank, NA > News item
Published on 1/5/2017 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

PNC to redeem $1 billion of 1.125% senior notes due 2017 at par

By Susanna Moon

Chicago, Jan. 5 – PNC Financial Services Group, Inc. announced the redemption of the $1 billion outstanding senior notes due Jan. 27, 2017 issued by PNC Bank, NA.

The redemption price will be par plus accrued distributions to the redemption date of Jan. 17.

The securities have a distribution rate of 1.125% and an original scheduled maturity date of Jan. 27, according to a company notice.

PNC is a Pittsburgh-based financial services company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.