SunTrust Launching $759M Debt Offering
Press release from the issuing company
Tuesday, July 27th, 2010
SunTrust Banks Inc., which last week reported a smaller loss in the second quarter, wants to buy up to $750 million of its outstanding subordinated debt.
The Atlanta-based bank said its tender offer includes 5.45 percent subordinated notes due 2017, 5 percent subordinated notes due 2015, 5.2 percent subordinated notes due 2017, 5.40 percent subordinated notes due 2020 and 7.25 percent subordinated notes due 2018. The offer will expire at on Aug. 20.
