The PNC Financial Services Group to redeem $1.25 billion in 6.615% senior notes
The notes were originally scheduled to mature on October 20, 2027, and the redemption price is 100% of principal plus accrued and unpaid interest.
The PNC Financial Services Group said on October 9, 2026 that it is redeeming all outstanding 6.615% Fixed Rate/Floating Rate Senior Notes due October 20, 2027, on October 20, 2026.
The notes were issued by the company in the amount of $1.25 billion, under CUSIP 693475 BT1. The redemption price equals 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of October 20, 2026.
According to the company, interest on the notes stops accruing on the redemption date. According to the company, payment of the redemption price is made through the facilities of The Depository Trust Company.
Key facts
- Redemption date
- October 20, 2026
- Original maturity
- October 20, 2027
- Principal amount issued
- $1.25 billion
- Redemption price
- 100% of principal amount, plus accrued and unpaid interest
- CUSIP
- 693475 BT1
Source: The company's release on PR Newswire, October 9, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
