LONG-TERM DEBT |
6 Months Ended |
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Jun. 30, 2018 | |
Debt Disclosure [Abstract] | |
LONG-TERM DEBT |
LONG-TERM DEBT
In May 2018, Huntington issued $500 million of senior notes at 99.686% of face value. The senior notes mature on May 15, 2025 and have a fixed coupon rate of 4.00%. The senior notes may be redeemed one month prior to the maturity date at 100% of principal plus accrued and unpaid interest. At June 30, 2018, debt issuance costs of $1 million related to the note are reported on the balance sheet as a direct deduction from the face of the note.
In May 2018, the Bank issued $750 million of senior notes at 99.774% of face value. The senior notes mature on May 14, 2021 and have a fixed coupon rate of 3.25%. The senior notes may be redeemed one month prior to the maturity date at 100% of principal plus accrued and unpaid interest. At June 30, 2018, debt issuance costs of $2 million related to the note are reported on the balance sheet as a direct deduction from the face of the note.
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- References No definition available.
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- Definition The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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