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Seeking Alpha·United States·Friday, October 9, 2026 at 12:39 PM UTC

PNC Financial to redeem all $1.25B of fixed-to-floating-rate senior notes

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Preeti Singh

PNC Bank — RiverNorthPhotography/iStock Unreleased via Getty Images

PNC Financial Services Group (PNC) said it will redeem all $1.25B of its outstanding 6.615% fixed-to-floating-rate senior notes on Oct. 20, 2026, ahead of their scheduled maturity on Oct. 20, 2027.
The redemption price will equal 100% of the principal amount, plus any accrued and unpaid interest through the redemption date. Interest will cease to accrue on Oct. 20, 2026, and payment will be made through the facilities of The Depository Trust Company.

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