latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/pnc-to-redeem-senior-floating-rate-banknotes-due-2021-57334963 content esgSubNav
In This List

PNC to redeem senior floating-rate banknotes due 2021

Blog

Banking Essentials Newsletter: September 18th Edition

Loan Platforms: Securing settlement instructions and prioritising the user experience

Blog

Navigating the New Canadian Derivatives Landscape: Key Changes and Compliance Steps for 2025

Blog

Getting an Edge with Services: Driving optimization by embracing technological innovation


PNC to redeem senior floating-rate banknotes due 2021

PNC Financial Services Group Inc. on March 12 will redeem all $1.1 billion of the outstanding senior floating-rate notes due March 12, 2021, issued by PNC Bank NA.

The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid interest to the redemption date.

Payment of the redemption price will be made through the facilities of The Depository Trust Co.