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The PNC Financial Services Group, Inc. To Redeem 6.615% Notes Due 2027
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The PNC Financial Services Group, Inc. announced the redemption of its 6.615% fixed rate/floating rate senior notes due October 20, 2027. Material Details #1DetailRedeems 6.615% senior notes due 2027AI Analyst ViewEarly takeout can lower interest expense and adjust liability duration. Context by AI Analyst This is a balance-sheet move consistent with ongoing funding and liability management. For a larger catalyst, PNC would need to disclose redemption size, cost,…