Regions Financial in Birmingham, Ala., has offered to repurchase up to $750 million of its outstanding senior debt.

The $126 billion-asset company made the cash tender offer on Thursday, it said in a news release.

Regions' offer of $1,013 per $1,000 principal amount of the notes is scheduled to expire Aug. 18. It involves Regions' outstanding 2% senior notes due May 15, 2018.

Deutsche Bank Securities will act as lead dealer manager on the tender offer. Mischler Financial Group will also act as co-dealer manager.

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Corrected August 12, 2016 at 9:54AM: An earlier version of this story mistakenly described the type of debt being repurchased and gave an incorrect maturity date for the notes.