Fifth Third Bancorp Announces Redemption of Senior Bank Notes due June 1, 2017
March 09 2017 - 4:01PM
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 1.35% fixed
rate senior notes due June 1, 2017 (CUSIP 31677QBA6) issued in the
principal amount of $650 million. The notes will be redeemed on May
2, 2017, 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. As of December 31, 2016, the
Company had $142 billion in assets and operates 1,191 full-service
Banking Centers, and 2,495 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 a 17.9% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of December 31, 2016, had $315
billion in assets under care, of which it managed $31 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Brokerage businesses. 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/20170309006204/en/
Fifth Third BancorpSameer Gokhale (Investors),
513-534-2219orLarry Magnesen (Media), 513-534-8055
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