G–250 USD New Issue Supply with Trade Indicators for May 15, 2025

US Supply

Issuer: Truist Bank (TFC, A3/A)

$Benchmark 2NC1 Fxd-to-FRN (May 20, 2027) IPT +90 Area – attractive to 63/2Y

$Benchmark 2NC1 FRN (May 20, 2027) IPT SOFR Equiv

Issuer: Truist Financial Corp (TFC, Baa1/A-/A-)

$Benchmark 6NC5 Fxd-to-FRN (May 20, 2031) IPT +125 Area – attractive to 102/5Y

TFC is De-levering

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