debt
confidence high
sentiment neutral
materiality 0.50
Prudential closes $750M issuance of 6.250% junior subordinated notes due 2056
PRUDENTIAL FINANCIAL INC
- Closed sale of $750M in aggregate principal amount of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
- Notes priced at 6.250% fixed rate for initial period with reset features; maturity in 2056.
- Underwriters include Wells Fargo, Barclays, Citigroup, Goldman Sachs, and J.P. Morgan.
- Issuance closed on June 4, 2026; notes are junior subordinated obligations of the company.