Fifth Third Bancorp Announces Redemption of Senior Bank Notes Due October 30, 2020
August 10 2020 - 9:15AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced that Fifth
Third Bank, National Association has submitted a redemption notice
to the issuing and paying agent for redemption of all of the Bank’s
outstanding 2.200% fixed rate senior notes due October 30, 2020
(CUSIP 31677QBK4) issued in the principal amount of $750 million
and senior floating rate notes due October 30, 2020 (CUSIP
31677QBL2) issued in the principal amount of $300 million. The
notes will be redeemed on September 30, 2020, 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.
About Fifth Third
Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of June 30, 2020, the Company had $203 billion in
assets and operated 1,122 full-service Banking Centers, and 2,456
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 approximately 53,000 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 June 30, 2020, had $405 billion in assets under
care, of which it managed $49 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/20200810005391/en/
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345 Ed Loyd (Media Relations) Edgar.Loyd@53.com |
513-534-6397
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