PNC Bank intends to price 10-year notes Monday

By Andrea Heisinger

New York, July 22 - PNC Bank NA is tapping Monday's market for 10-year notes (A3/A-/A), a market source said.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and PNC Capital Markets LLC are the bookrunners.

PNC was last in the U.S. bond market with a $1.75 billion sale in three parts on Jan. 23. That offering included a 2.95% 10-year subordinated note priced at 117 basis points over Treasuries.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.