debt
confidence high
sentiment neutral
materiality 0.50
Citizens Financial issues $1.25B of 5.841% Fixed/Floating Senior Notes due 2030
CITIZENS FINANCIAL GROUP INC/RI
- Issued $1.25B aggregate principal of 5.841% Fixed/Floating Rate Senior Notes due Jan 23, 2030.
- Fixed rate of 5.841% through Jan 23, 2029, then SOFR plus 2.01% for final year.
- Underwriting led by Barclays, BofA Securities, Goldman Sachs, Morgan Stanley, and Citizens JMP Securities.
- Net proceeds to be used for general corporate purposes, including debt repayment, share repurchases, dividends, and potential acquisitions.