New Issue: PNC sells $200 million floaters due 2021 at Libor plus 65 bps

By Aleesia Forni

Virginia Beach, May 20 – PNC Bank NA priced $200 million floating-rate note (A2/A/A+) due May 27, 2021 at par to yield Libor plus 65 basis points on Wednesday, an informed source said.

The bookrunner was J.P. Morgan Securities LLC.

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

Issuer:	PNC Bank NA
Amount:	$750 million
Maturity:	May 27, 2021
Securities:	Senior notes
Bookrunner:	J.P. Morgan Securities LLC
Coupon:	Libor plus 65 bps
Price:	Par
Yield:	Libor plus 65 bps
Trade date:	May 20
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A+

© 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.