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.