The PNC Financial Services Group, Inc. has announced the completion of a public offering of senior notes on October 23, 2026. The company sold a total of $1.5 billion in aggregate principal amount of debt securities, which will mature on October 23, 2029.
The offering consisted of two distinct series of notes:
- $1.2 billion of 5.463% Fixed Rate/Floating Rate Senior Notes
- $300 million of Senior Floating Rate Notes
The securities were issued pursuant to an Underwriting Agreement dated October 20, 2026. The agreement was entered into by PNC Financial Services, PNC Capital Markets LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC.
The issuance is governed by an Indenture dated September 6, 2012, as amended by a Supplemental Indenture dated April 23, 2021, with The Bank of New York Mellon acting as trustee. The offering was made pursuant to a prospectus supplement filed with the Securities and Exchange Commission on October 21, 2026.
