Truist Financial Corporation announced on October 18, 2025 that it will redeem all $750 million of its fixed‑to‑floating rate senior notes due October 28, 2026. The redemption will take place on October 28, 2025, reducing the bank’s outstanding debt by $750 million.
The notes were issued as part of Truist’s capital management strategy, and the redemption will lower interest expense and improve the bank’s leverage ratios. By converting the fixed‑rate debt to a lower‑cost floating rate, Truist can reduce its overall cost of capital and strengthen its balance sheet.
The move is expected to enhance Truist’s capital position, support future growth initiatives, and provide additional flexibility for shareholder returns. Investors will benefit from a stronger capital base and potentially higher returns on equity.
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