Loan & DebtMay 21, 2026, 04:43 PM
Charles Schwab Issues $2.25B Fixed-to-Floating Rate Senior Notes
AI Summary
The Charles Schwab Corporation issued $2.25 billion in aggregate principal amount of fixed-to-floating rate senior notes due 2030 and 2037. The offering generated approximately $2.236 billion in net proceeds after deducting underwriting discounts and estimated offering expenses. The notes were issued on May 21, 2026, under a senior indenture and an underwriting agreement with several major financial institutions.
Key Highlights
- Issued $1.0 billion of 4.744% Fixed-to-Floating Rate Senior Notes due 2030.
- Issued $1.25 billion of 5.493% Fixed-to-Floating Rate Senior Notes due 2037.
- Total aggregate principal amount of notes issued was $2.25 billion.
- Net proceeds from the offering were approximately $2.236 billion.
- Underwriting agreement with BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, and Wells Fargo.
- Notes were issued on May 21, 2026, under a Senior Indenture.
Price Impact
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