The investment-grade notes are due 2030

Davis Polk advised the underwriters on an SEC-registered offering of $1 billion aggregate principal amount of 4.772% fixed-rate/floating-rate senior notes due 2030 by Fifth Third Bancorp.

Fifth Third is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2022, the company had $207 billion in assets and operates 1,080 full-service banking centers and 2,153 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. Fifth Third operates four main businesses: commercial banking, branch banking, consumer lending and wealth and asset management.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associate Daiana Kostova. The financial institutions team included partner Margaret E. Tahyar and associate Tyler X. Senackerib. The tax team included counsel Tracy L. Matlock and associate Benjamin Helfgott. All members of the Davis Polk team are based in the New York office.

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