debt
confidence high
sentiment neutral
materiality 0.55
PNC issues $2.5B in senior notes across two tranches due 2028 and 2035
PNC FINANCIAL SERVICES GROUP, INC.
- Issued $1B of 5.300% Fixed/Floating Rate Senior Notes due Jan 21, 2028.
- Issued $1.5B of 5.676% Fixed/Floating Rate Senior Notes due Jan 22, 2035.
- Notes sold under underwriting agreement with PNC Capital Markets, Barclays, Goldman Sachs, Morgan Stanley.
- Underwriting agreement dated Jan 17, 2024; closing completed Jan 22, 2024.