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PNC to redeem senior notes
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PNC FinancialServices Group Inc. notified the trustee for the redemption of alloutstanding senior notes due Sept. 19 issued by in the amount of$1.25 billion.
The securities have a distribution rate of 2.70% and will beredeemed at a price equal to $1,000 per $1,000 in principal amount, plus anyaccrued and unpaid distributions to the Aug. 22 redemption date.