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BB&T prices $850M debt offering

BB&T Corp. is offering $850 million of its senior floating rate notes due June 15, 2020.

The trade date is Dec. 22 and the settlement date is Dec. 27. The senior notes will bear an interest rate equal to three-month LIBOR plus 57 basis points.

Interest will be paid on the 15th day of each June and December, commencing June 15, 2017.

BB&T Capital Markets, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC served as joint bookrunners for the offering.