Prudential closes $1B issuance of 6.500% junior subordinated notes due 2054

PRUDENTIAL FINANCIAL INC

$1B aggregate principal of 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 issued.
Notes closed March 11, 2024; underwriters include Wells Fargo, Barclays, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley.
Initial fixed rate 6.500% with future reset; no specific use of proceeds disclosed.

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