PNC issues $2.75B in senior notes across two tranches at 5.222% and 5.575%

PNC FINANCIAL SERVICES GROUP, INC.

Issued $1.0B of 5.222% Fixed/Floating Rate Senior Notes due Jan 29, 2031.
Issued $1.75B of 5.575% Fixed/Floating Rate Senior Notes due Jan 29, 2036.
Total debt issuance of $2.75B; underwriters include PNC Capital Markets, BofA Securities, Citigroup.
Notes are senior unsecured obligations; issued under existing indenture with BNY Mellon as trustee.
Use of proceeds not specified; typical for general corporate purposes.

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