Truist raising $1.75B in bond offering, making it the latest bank to raise capital

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Truist raising $1.75B in bond offering, making it the latest bank to raise capital
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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

Truist Financial Corp. is pricing a $1.75 billion bond offering with strong demand on Wednesday, a source in the bond market told MarketWatch.

Truist bonds have also been drawing in more investors in the past 10 days than sellers in a reflection of interest in its corporate bonds. Truist has typically issued debt three times a year since the company was formed in December 2019, after BB&T and SunTrust Banks closed their merger deal. Banks often raise debt after their quarterly earnings as well, which have been out in the past couple of weeks.

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