debt
confidence high
sentiment neutral
materiality 0.50
Northern Trust issues $1B of 6.125% subordinated notes due 2032
NORTHERN TRUST CORP
- Issued $1,000,000,000 principal amount of 6.125% Subordinated Notes due November 2, 2032.
- Interest payable semi-annually on May 2 and November 2, beginning May 2, 2023.
- Notes are subordinated unsecured obligations, ranking junior to depositors and general creditors.
- Redeemable at par at Company's option on or after August 2, 2032.
- Offered via shelf registration and prospectus supplement dated October 26, 2022.