Fifth Third Bancorp Announces Redemption of Senior Bank Notes Due November 18, 2016
September 02 2016 - 9:00AM
Business Wire
Fifth Third Bancorp (NASDAQ: FITB) today announced that Fifth
Third Bank has submitted a redemption notice to the issuing and
paying agent for redemption of all of the outstanding 1.15% fixed
rate senior notes due November 18, 2016 (CUSIP 31677QAY5) issued in
the principal amount of $1 billion and all of the outstanding
floating rate senior notes due November 18, 2016 (CUSIP 31677QAZ2)
issued in the principal amount of $750 million by Fifth Third Bank.
The notes will be redeemed on October 19, 2016, pursuant to their
terms and conditions for an amount equal to 100% of the principal
amount plus accrued and unpaid interest to, but excluding, the
redemption date.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $144 billion in
assets and operates 1,191 full-service Banking Centers, including
94 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,514 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending, and Wealth & Asset
Management. Fifth Third also has an 18.3% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of June 30, 2016, had $305 billion in assets
under care, of which it managed $26 billion for individuals,
corporations and not-for-profit organizations. Investor information
and press releases can be viewed at www.53.com. Fifth Third's
common stock is traded on the NASDAQ® Global Select Market under
the symbol "FITB."
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version on businesswire.com: http://www.businesswire.com/news/home/20160902005337/en/
Fifth Third BancorpSameer Gokhale (Investors),
513-534-2219Larry Magnesen (Media), 513-534-8055
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