debt
confidence high
sentiment neutral
materiality 0.40
Capital One closes $1.75B offering of 6.183% subordinated notes due 2036
CAPITAL ONE FINANCIAL CORP
- Closed public offering of $1.75 billion 6.183% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Interest fixed at 6.183% for first five years, then floats based on SOFR plus spread.
- Underwriters led by Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo, and Capital One Securities.
- Notes are subordinated, unsecured, and rank junior to senior indebtedness.