PNC Financial Services Group completes $1.5 billion senior notes offering due 2029
The offering comprises $1.2 billion of 5.463% fixed rate/floating rate senior notes and $300 million of senior floating rate notes, both due October 23, 2029.
GetSignal PNC Financial Services Group PNC
PNC Financial Services Group completed the public offer and sale of two series of senior notes on October 23, 2026. The notes total $1.5 billion in principal: $1.2 billion of 5.463% fixed rate/floating rate senior notes and $300 million of senior floating rate notes.
The notes were sold under an underwriting agreement dated October 20, 2026, among the company, PNC Capital Markets LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
The notes were issued under a 2012 base indenture, as supplemented by a First Supplemental Indenture dated April 23, 2021, between the company and The Bank of New York Mellon, as trustee. The offering was made under a prospectus supplement dated October 20, 2026, to a prospectus filed December 13, 2024, under the company's shelf registration statement on Form S-3ASR.
Key facts
- Total principal
- $1.5 billion
- Fixed rate/floating rate senior notes
- $1.2 billion, 5.463%
- Senior floating rate notes
- $300 million
- Maturity
- October 23, 2029
- Underwriting agreement
- October 20, 2026
- Trustee
- The Bank of New York Mellon
Source: Form 8-K filed October 23, 2026.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
