By Sheri Kasprzak
New York, March 30 - PNC Financial Services Group Inc. priced $1 billion in three-year FDIC-backed floating-rate senior notes.
The notes priced at par to yield three-month Libor plus 20 basis points.
The notes (Aaa/AAA/AAA) mature on April 1, 2012.
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. were joint bookrunners with PNC Capital Markets LLC as co-manager.
Proceeds will be used for general corporate purposes.
| Issuer: | The PNC Financial Services Group Inc.
|
| Issue: | FDIC-guaranteed floating-rate senior notes
|
| Amount: | $1 billion
|
| Maturity: | April 1, 2012
|
| Bookrunners: | Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
|
| Co-manager: | PNC Capital Markets LLC
|
| Coupon: | Three-month Libor plus 20 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
| Call: | Non-callable
|
| Trade date: | March 30
|
| Settlement date: | March 31
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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