Fifth Third Bancorp (FITB) has released an update.
On January 29, 2024, Fifth Third Bank issued $1 billion in 5.631% Fixed Rate/Floating Rate Senior Notes due 2032, underwritten by a consortium including Morgan Stanley & Co. LLC, and others. The offering was facilitated by a Supplemental Indenture with Wilmington Trust Company, amending the terms of Fifth Third’s Senior Debt Securities. The proceeds from the offering, after deductions, amounted to approximately $994 million. The offering and its details were filed with the SEC and are described in the relevant prospectus supplement and prospectus.
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