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BB&T Sells $1B In Notes

BB&T has raised $1 billion in a sale of senior unsecured notes.

BB&T has raised $1 billion in a sale of senior unsecured notes, The Wall Street Journal reports. The size of the transaction was initially planned for $500 million by the North Carolina-based financial services firm.

BB&T and Deutsche Bank served as the joint bookrunning managers for the offering. The notes carry a coupon rate of 3.20% and are due to mature on March 15, 2016. 
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.

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