debt
confidence high
sentiment neutral
materiality 0.55
Citizens Financial issues $400M of 5.299% subordinated notes due 2036
CITIZENS FINANCIAL GROUP INC/RI
- Issued $400 million aggregate principal of 5.299% Fixed-Reset Subordinated Notes due 2036.
- Interest fixed at 5.299% to Jan 29, 2031, then resets to Five-Year UST rate plus 1.450%.
- Proceeds for general corporate purposes including repurchases, dividends, debt reduction, acquisitions.
- Underwriters include Citigroup, Goldman Sachs, Morgan Stanley, TD Securities, Citizens JMP.