Quarterly report pursuant to Section 13 or 15(d)

BORROWINGS

v3.22.2.2
BORROWINGS
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
BORROWINGS
8. BORROWINGS
Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following at September 30, 2022 and December 31, 2021, respectively: 
(dollar amounts in millions) September 30,
2022		 December 31,
2021
Federal funds purchased and securities sold under agreements to repurchase $ 300  $ 320 
Other borrowings 126  14 
Total short-term borrowings $ 426  $ 334 
Huntington’s long-term debt consisted of the following at September 30, 2022 and December 31, 2021, respectively:
(dollar amounts in millions) September 30,
2022		 December 31,
2021
The Parent Company:
Senior Notes $ 2,990  $ 2,083 
Subordinated Notes 973  1,028 
Total notes issued by the parent 3,963  3,111 
The Bank:
Senior Notes 2,287  2,434 
Subordinated Notes 650  811 
Total notes issued by the bank 2,937  3,245 
FHLB Advances 2,712  215 
Other 556  537 
Total long-term debt $ 10,168  $ 7,108 

In May 2022, the Bank issued $500 million of senior notes at 99.8% of face value. The senior notes mature on May 16, 2025 and have a fixed coupon rate of 4.01%.
In May 2022, the Bank issued $800 million of senior notes at 99.7% of face value. The senior notes mature on May 17, 2028 and have a fixed coupon rate of 4.55%.
In May 2022, the Bank issued $300 million of senior notes at 99.8% of face value. The senior notes mature on May 16, 2025 and have a floating rate equal to SOFR plus 119 basis points resetting quarterly.
In May 2022, Huntington issued $400 million of senior notes at 100% of face value. The senior notes mature on May 17, 2033 and have a fixed coupon rate of 5.02%.
In August 2022, Huntington issued $750 million of senior notes at 99.7% of face value. The senior notes mature on August 4, 2028 and have a fixed coupon rate of 4.44%.