Jan 22 (Reuters) – The month is poised to be the busiest
January on record for new U.S. corporate bond sales, with two
regional banks on Monday adding to what has been a rush of
post-earnings debt issuance by banks.
Truist Financial Corp, the financing arm of Truist
Bank, on Monday announced a two-part senior unsecured bond
offering. The bank is seeking an undisclosed amount of six- and
11-year fixed-to-floating rate notes.
Also on Monday, Fifth Third Bancorp announced that
it was seeking eight-year senior unsecured notes, also
fixed-to-floating rate and of an as-yet undisclosed amount.
Their announced bond sales carry on this month’s theme of
regional and global systematically important banks (GSIBs)
seeking debt after their earnings release.
Regional banks PNC, Citizens and U.S.
Bancorp sold a combined $7.25 billion in bonds last
week, which also saw debt sales from several…
