PNC » Topics » Long-Term Debt

This excerpt taken from the PNC 8-K filed Jan 24, 2007.

Long-Term Debt

The fair value of long-term debt associated with interest rate swaps is based on quoted market prices. For all other long-term debt, fair value is estimated by discounting the future cash flows using estimates of rates currently available to Bankshares and its affiliates for debt with similar terms and remaining maturities.

 

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