By Devika Patel
Knoxville, Tenn., Feb. 3 – PNC Financial Services Group, Inc. priced $575 million of 18-month floating-rate senior notes (A3/A-/A+) at par on Thursday to yield Libor plus 25 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes are non-callable.
J.P. Morgan Securities LLC and PNC Capital Markets LLC were the joint bookrunners.
PNC Financial Services is a financial services company based in Pittsburgh.
| Issuer: | PNC Financial Services Group, Inc.
|
| Issue: | Floating-rate senior notes
|
| Amount: | $575 million
|
| Maturity: | Aug. 7, 2018
|
| Bookrunners: | J.P. Morgan Securities LLC, PNC Capital Markets LLC
|
| Coupon: | Libor plus 25 bps
|
| Price: | Par
|
| Yield: | Libor plus 25 bps
|
| Call feature: | Non-callable
|
| Trade date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A+
|
| Distribution: | SEC registered
|
© 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.
