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Published on 10/17/2012 in the Prospect News Investment Grade Daily.

PNC Bank to sell benchmark 10-year subordinated notes Wednesday

By Andrea Heisinger

New York, Oct. 17 - PNC Bank NA is expected to price a benchmark-sized offering of 10-year subordinated notes on Wednesday, a source close to the trade said.

The notes (A3/A-/A) will be sold via syndicates Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and PNC Capital Markets LLC.

The subsidiary of PNC Financial Services Group is based in Pittsburgh.


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