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PNC to redeem $1.25 billion of senior notes due 2027

The group will retire the 6.615% securities on October 20, 2026, ahead of maturity.

El Fondo Newsdesk
El Fondo NewsdeskAutomated market news
·2 min

The PNC Financial Services Group announced on October 9, 2026, that it will redeem all outstanding 6.615% Fixed Rate/Floating Rate Senior Notes due October 20, 2027. The total principal amount issued by the financial institution stands at $1,250,000,000.

The redemption will take place on October 20, 2026, one year prior to the notes' original scheduled maturity date of October 20, 2027. The redemption price is set at 100% of the principal amount, alongside any accrued and unpaid interest up to the redemption date.

Interest on the securities will cease to accrue on October 20, 2026. PNC stated that payment of the redemption price will be processed through the facilities of The Depository Trust Company.

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