debt
confidence high
sentiment neutral
materiality 0.40
First Citizens BancShares issues $600M of 5.600% subordinated notes due 2035
FIRST CITIZENS BANCSHARES INC /DE/
- Issued $600M of 5.600% Fixed Rate Reset Subordinated Notes due 2035 on Sept 5, 2025.
- Notes sold in public offering; terms governed by subordinated base indenture and third supplemental indenture.
- Underwriting syndicate led by BofA Securities and Morgan Stanley.
- Notes are subordinated and rank junior to senior debt obligations.
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