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Fifth Third Bank redeeming $1.25B of senior notes

Fifth Third Bancorp unit Fifth Third Bank plans to redeem all its outstanding 2.15% fixed-rate senior notes having a principal amount of $1 billion, and all its outstanding floating-rate senior notes with a principal amount of $250 million. Both series of notes are due Aug. 20.

The notes will be redeemed July 20 for 100% of the principal amount plus applicable interest.