PNC will repay $1.25B of debt on May 13 before 2027 maturity

PNC (NYSE: PNC) announced it will redeem all outstanding 4.543% Senior Fixed Rate/Floating Rate Notes due May 13, 2027, on May 13, 2026. The redemption involves a principal amount of $1.25 billion, with interest ceasing to accrue on the redemption date. This action is part of PNC’s ongoing balance sheet and capital management activities, following several positive corporate and capital return updates.

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