StockWatch
·
Major Banks
Loan & DebtJul 23, 2026, 04:17 PM

State Street Bank Issues $1.25B Senior Notes Due 2029 & 2034

AI Summary

State Street Bank and Trust Company, a wholly-owned subsidiary of State Street Corporation, issued $750 million in 4.701% Senior Notes due 2029 and $500 million in 5.217% Senior Notes due 2034. The total aggregate principal amount of the Bank Notes is $1.25 billion. The offering was exempt from registration under Section 3(a)(2) of the Securities Act of 1933. State Street Bank expects to receive net proceeds of approximately $1.244 billion after deducting discounts and estimated offering expenses.

Key Highlights

  • State Street Bank issued $750,000,000 aggregate principal amount of 4.701% Senior Notes due 2029.
  • State Street Bank issued $500,000,000 aggregate principal amount of 5.217% Senior Notes due 2034.
  • The total aggregate principal amount of senior notes issued is $1.25 billion.
  • U.S. Bank Trust Company, National Association, was appointed as the fiscal agent.
  • State Street Bank expects to receive net proceeds of approximately $1.244 billion from the offering.