PNC sells $1.2 billion and $300 million in senior notes due October 2029
On October 23, 2026, PNC completed public sales of $1.2 billion of 5.463% Fixed Rate/Floating Rate Senior Notes and $300 million of Senior Floating Rate Notes, both due October 23, 2029. The notes were sold under an underwriting agreement dated October 20, 2026 with PNC Capital Markets LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The filing does not state how the proceeds will be used, so its effect on shareholders is not described.
Key points
- $1.2 billion of 5.463% Fixed Rate/Floating Rate Senior Notes due October 23, 2029
- $300 million of Senior Floating Rate Notes due October 23, 2029
- Underwriting agreement dated October 20, 2026; notes issued under a 2012 indenture with The Bank of New York Mellon as trustee
- Offering made under Form S-3ASR registration statement (File No. 333-283793)
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.