Schwab Issues $2.6 Billion in Senior Notes Due 2032 and 2037
On August 12, 2026, The Charles Schwab Corporation issued $2.6 billion of fixed-to-floating rate senior notes in two tranches, under a registration statement on Form S-3. The filing reports net proceeds of approximately $2,582 million after underwriting discounts, commissions and estimated offering expenses. The filing discloses new debt financing and does not describe any change to operations or results.
Key points
- $1.25 billion of 5.108% Fixed-to-Floating Rate Senior Notes due 2032
- $1.35 billion of 5.655% Fixed-to-Floating Rate Senior Notes due 2037
- Net proceeds of approximately $2,582 million after underwriting discounts and offering expenses
- Underwriting agreement dated August 10, 2026 with BofA Securities, Citigroup, Morgan Stanley, TD Securities and Wells Fargo Securities; trustee is The Bank of New York Mellon Trust Company, N.A.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.