Truist Releases 2021 Social Bond Impact Report

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Proposed by Truist

CHARLOTTE, NC, March 2, 2022 /CSRwire/ — Truist Financial Corporation (NYSE: TFC) today announced the release of its 2021 report Social Bond Impact Report, which details the investments made from the proceeds of the bond and underlines the company’s commitment to advancing its environmental, social and governance (ESG) objectives. In March 2021, Truist issued its first social bond for $1.25 billion, with the net proceeds allocated to new and existing eligible social programs, including investments in affordable housing to provide stability for individuals and families. . It was the first social bond issued by a regional bank in the United States

“As a goal-oriented financial services company, issuing our first social bond was another example of Truist’s focus on solving the social challenges facing our communities,” said Ellen Fitzsimmons, Legal Director and Head of Public Affairs. “Ensuring access to adequate, safe and affordable housing is a fundamental part of our commitment to inspiring and building better lives and communities, and we look forward to continuing to play a role in driving permanent and measurable change. for all we serve.

Truist’s social bond enjoyed broad participation from over 120 investors, including high-quality ESG dedicated portfolios, with a 2.7x oversubscribed order book. The social bond generated $1.248 billion in net proceeds, creating 267 affordable housing projects and 22,000 affordable units in 15 states in the Mid-Atlantic, Southeast and Texas.

Truist issued the social bond in accordance with the Truist ESG Bond Framework. More information can be found in full Social Bond Impact Report.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by a historic merger of equals, Truist holds leading market share in many high-growth markets nationwide. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Assurance; mortgage; Payments; specialized loans; and wealth management. Headquartered in Charlotte, North Carolina, Truist is one of the top 10 U.S. commercial banks with total assets of $541 billion as of December 31, 2021. Truist Bank, Member FDIC. Learn more about Truist.com.

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About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist holds leading market share in many high-growth markets nationwide. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Assurance; mortgage; Payments; specialized lending and wealth management. Based in Charlotte, North Carolina, Truist is one of America’s top 10 commercial banks. Truist Bank, Member FDIC. Learn more about Truist.com.

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