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BB&T Sells $1B In Notes

Commercial and retail bank, BB&T, has raised $1 billion through the sale of notes in two parts.

Commercial and retail bank, BB&T, has raised $1 billion through the sale of notes in two parts, Reuters reports. Deutsche Bank and BB&T served as the joint bookrunning managers for the transaction.

The $700 million notes sold in the first tranche carry a coupon rate of 2.05%, and are due to mature on April 28, 2014. The $300 million notes sold in the second tranche are also scheduled to mature on April 28, 2014.

Click here for the story from Reuters.

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