|9 Months Ended|
Sep. 30, 2023
|Debt Disclosure [Abstract]|
Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following at September 30, 2023 and December 31, 2022, respectively:
Huntington’s long-term debt consisted of the following at September 30, 2023 and December 31, 2022, respectively:
(1) 4.21% weighted average rate, varying maturities greater than one year.
During the 2023 third quarter, Huntington issued $1.3 billion of fixed-to-floating senior notes. The fixed-to-floating senior notes are due August 21, 2029 and bear an initial fixed interest rate of 6.208%. Commencing August 21, 2028, the interest rate will reset to a floating rate equal to a benchmark rate based on the Compounded SOFR Index Rate plus 202 basis points.
The entire disclosure for long-term debt.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef