Loan & DebtMay 26, 2026, 04:23 PM
PNC Financial completes $1.65B senior notes offering
AI Summary
PNC Financial Services Group, Inc. completed the public offer and sale of $1.65 billion in senior notes on May 26, 2026. The offering included $1.35 billion of 4.618% Fixed Rate/Floating Rate Senior Notes and $300 million of Senior Floating Rate Notes, both due October 26, 2029. The notes were sold pursuant to an underwriting agreement with PNC Capital Markets LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC.
Key Highlights
- Completed public offer and sale of $1.65 billion in senior notes.
- Issued $1.35 billion of 4.618% Fixed Rate/Floating Rate Senior Notes.
- Issued $300 million of Senior Floating Rate Notes.
- All notes are due on October 26, 2029.
- Underwriting agreement dated May 20, 2026.
- Underwriters included PNC Capital Markets, Citigroup Global Markets, and Morgan Stanley.
Price Impact
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