Truist Financial Corporation announced on October 16, 2025 that it will redeem the entire $750 million principal balance of its fixed‑to‑floating rate senior notes due October 28, 2026. The redemption will be executed on October 28, 2025, at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to the redemption date.
The transaction reduces Truist’s outstanding debt by $750 million and eliminates the interest expense associated with the notes, thereby improving the bank’s leverage profile and CET1 capital ratio. By removing a significant portion of its long‑term debt, the company can also free up capital for future growth initiatives or shareholder returns.
The redemption is part of Truist’s broader capital management strategy, which has already included a $500 million share‑repurchase program for Q3 2025. The move is expected to strengthen the bank’s balance sheet and enhance its ability to support continued expansion in consumer, small‑business, and wholesale banking segments.
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