New Issue-SunTrust Banks sells $450 mln in perpetuals

Fri Dec 14, 2012 4:15pm EST

Dec 14 (Reuters) - SunTrust Banks Inc on Thursday
sold $450 million of non-cumulative preferred shares, said IFR,
a Thomson Reuters service.
    The size of the deal was increased from the originally
planned $150 million. 
    Morgan Stanley, Bank of America Merrill Lynch, Citigroup,
Goldman Sachs, SunTrust and UBS were the joint bookrunning
managers for the sale.

BORROWER: SUNTRUST BANKS

AMT $450 MLN    COUPON 5.875 PCT   MATURITY    PERPTUAL
TYPE SR NTS     ISS PRICE 25       FIRST PAY    3/15/2013 
MOODY'S Ba1     YIELD N/A          SETTLEMENT  12/2/2012   
S&P BB-PLUS     SPREAD N/A         PAY FREQ    QUARTERLY
FITCH N/A                          NON-CALLABLE   N/A