PNC Financial Services to sell add-on to 3.5% senior notes due 2024

By Devika Patel

Knoxville, Tenn., Feb. 12 – PNC Financial Services Group, Inc. is eyeing the sale of additional 3.5% senior notes due Jan. 23, 2024, according to a 424B5 filed with the Securities and Exchange Commission.

The company sold $750 million of the notes on Jan. 17 in a deal that settled on Jan. 23. The January notes were issued at 99.773 to yield 3.55%, or Treasuries plus 100 basis points.

The notes are callable at par on or after 30 days prior to maturity.

Citigroup Global Markets Inc. and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

PNC Financial Services is a Pittsburgh-based financial services holding company.

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