Financial Institution Announces Note Redemption

  • Citizens Bank, N.A. announces redemption of $600 million senior notes
  • Redemption date set for October 24, 2024
  • Redemption price equals 100% of principal amount plus accrued interest
  • Citizens Financial Group has $219.9 billion in assets

Citizens Bank, N.A., a division of Citizens Financial Group, Inc., has announced the redemption of its outstanding $600 million 6.064% Fixed/Floating Rate Senior Notes due October 24, 2025. The redemption price will be equal to 100% of the principal amount plus accrued interest up to the Redemption Date. Citizens Financial Group is a large financial institution with $219.9 billion in assets and offers various banking products and services.

Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about the redemption of a specific financial instrument by Citizens Bank, N.A., including details such as the redemption date, amount, and redemption price. It also briefly describes Citizens Financial Group’s background and services offered. The content is factual and free from sensationalism or opinion.
Noise Level: 5
Noise Justification: The article provides specific financial information about a bank’s redemption of its notes and does not offer any broader analysis or context beyond the announcement itself. It lacks relevance to a general audience and does not explore long-term trends or possibilities.
Public Companies: Citizens Financial Group, Inc. (CFG)
Key People:

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the redemption of Citizens Bank’s outstanding $600,000,000 aggregate principal amount of 6.064% Fixed/Floating Rate Senior Notes and provides information about Citizens Financial Group, Inc., a financial institution with significant assets. However, it does not mention any specific impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Small
Affected Instruments: Bonds

Reported publicly: www.businesswire.com