SunTrust Banks, Inc. has priced a USD1.4 billion offering of 108 million shares of its common stock at USD13.00 per share.
The underwriters will have a 30-day option to purchase up to an additional 16.2 million shares of the Company’s common stock.
Morgan Stanley, Sandler O’Neill + Partners, L.P., SunTrust Robinson Humphrey, Inc. and Goldman, Sachs & Co. are serving as joint bookrunning managers for the offering.
L.D.