debt
confidence high
sentiment neutral
materiality 0.55
State Street Bank issues $2.25B in three tranches of Senior Notes
STATE STREET CORP
- Aggregate $2.25B: $300M floating rate notes due 2026, $1.15B 4.594% notes due 2026, $800M 4.782% notes due 2029.
- Net proceeds expected ~$2.241B after underwriting discounts and expenses.
- Issuance exempt from registration under Section 3(a)(2) of the Securities Act.
- State Street Bank is wholly-owned subsidiary of State Street Corporation (STT).
- Fiscal agency agreement with U.S. Bank Trust Company as fiscal agent.