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Truist Financial to Offer New Preferred

Truist Financial (TFC), which is the new name of the company composed of BB&T and SunTrust Bank which previously merged, is offering a new preferred issue.

The issue will be non-cumulative and investment grade and will have the relatively typical terms.

The company has a number of other issues outstanding which can be seen here.

The preliminary prospectus can be read here.

Thanks to mcg and EarlyBird for ferreting this out earlier today.

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