By Andrea Heisinger
New York, Aug. 5 - Charles Schwab Corp. reopened its issue of 4.45% 10-year senior notes on Thursday to add $100 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (A2/A/A) priced at 102.006 to yield 4.201% with a spread of Treasuries plus 130 basis points. They have a make-whole call at Treasuries plus 25 bps.
Total issuance is $700 million, including the $600 million issued on July 22 at Treasuries plus 150 bps.
J.P. Morgan Securities Inc. ran the books. Joint lead managers were Citigroup Global Markets Inc. and UBS Investment Bank.
Co-managers were Credit Suisse Securities and Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes.
The brokerage and financial services company is based in San Francisco.
| Issuer: | Charles Schwab Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $100 million, reopened
|
| Maturity: | July 22, 2020
|
| Bookrunners: | J.P. Morgan Securities Inc.
|
| Joint lead managers: | Citigroup Global Markets Inc., UBS Investment Bank
|
| Co-managers: | Credit Suisse Securities, Wells Fargo Securities LLC
|
| Coupon: | 4.45%
|
| Price: | 102.006
|
| Yield: | 4.201%
|
| Spread: | Treasuries plus 130 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Aug. 5
|
| Settlement date: | Aug. 10
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Total issuance: | $700 million, including $600 million priced on July 22 at 150 bps
|
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