Fifth Third Bancorp Redeems $500M Senior Notes

By Bobby Samwell • Thursday, September 24 16:01 • Permanent Link

Fifth Third Bancorp said it has moved to redeem all $500 million of its 1.707% fixed rate/floating rate senior notes due 2027.

The notes, issued in the principal amount of $500 million, are scheduled to be redeemed on Nov. 1, 2026. Fifth Third said holders will receive 100% of principal plus accrued and unpaid interest through, but excluding, the redemption date.

The redemption covers the entire outstanding issue, eliminating the full $500 million note balance once the transaction closes on the redemption date. As a result of these announcements, the company's shares have moved -2.03% on the market, and are now trading at a price of $51.69. If you want to know more, read the company's complete 8-K report here.

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