Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes due June 9, 2025 (CUSIP 89788MAF9) on the redemption date of June 9, 2024.
Truist Financial (TFC) remains well-poised for top-line growth driven by loan demand and fee income growth, restructuring plans and higher rates. However, high costs and weak asset quality are woes.
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