debt
confidence high
sentiment neutral
materiality 0.45
First Citizens BancShares issues $1.25B in senior and subordinated notes
FIRST CITIZENS BANCSHARES INC /DE/
- $500M of 5.231% Fixed-to-Floating Rate Senior Notes due 2031 issued.
- $750M of 6.254% Fixed-to-Fixed Rate Subordinated Notes due 2040 issued.
- Offering underwritten by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.
- Proceeds will be used for general corporate purposes.