debt
confidence high
sentiment neutral
materiality 0.50
PNC completes $3.0B debt offering in three tranches: sub notes and senior notes
PNC FINANCIAL SERVICES GROUP, INC.
- Issued $1.5B of 5.423% Fixed-Rate Reset Subordinated Notes due 2041.
- Issued $1.2B of 4.075% Fixed Rate/Floating Rate Senior Notes due 2029.
- Issued $300M of Senior Floating Rate Notes due 2029.
- Underwriters: PNC Capital Markets, Goldman Sachs, J.P. Morgan.
- Proceeds for general corporate purposes.