Fifth Third Bancorp Announces Redemption of Senior Bank Notes Due August 20, 2018
June 08 2018 - 01:30PM
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 2.15% fixed
rate senior notes due August 20, 2018 (CUSIP 31677QBD0) issued in
the principal amount of $1 billion and all of the outstanding
floating rate senior notes due August 20, 2018 (CUSIP 31677QBE8)
issued in the principal amount of $250 million by Fifth Third Bank.
The notes will be redeemed on July 20, 2018, 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 March 31, 2018, the
Company had $142 billion in assets and operates 1,153 full-service
Banking Centers, and 2,459 Fifth Third branded ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. In total, Fifth Third
provides its customers with access to more than 54,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending,
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2018, had $363
billion in assets under care, of which it managed $37 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory 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: https://www.businesswire.com/news/home/20180608005596/en/
Fifth Third BancorpInvestors:Sameer Gokhale,
513-534-2219orMedia:Larry Magnesen, 513-534-8055
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