Market Overview

From Earlier: Fifth Third Announces Pricing of $500M Public Offering of Senior Notes

Fifth Third Bancorp (Nasdaq: FITB) announced the pricing of an underwritten public offering of $500 million aggregate principal amount of 10-year senior notes. The notes are senior unsecured obligations of Fifth Third. They were sold at 99.306% of the principal amount and will bear interest at a rate of 3.50%. Fifth Third expects the offering to close on March 7, 2012, subject to customary closing conditions.

Fifth Third intends to use the net proceeds from this offering for general corporate purposes.

Posted-In: News Offerings

 

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