Charles Schwab Issues $1 Billion in Fixed-to-Floating Rate Senior Notes Due 2029

The Charles Schwab Corporation announced the issuance of $1 billion in aggregate principal amount of 4.603% Fixed-to-Floating Rate Senior Notes, which are due in 2029. The offering is expected to generate net proceeds of approximately $995.5 million after accounting for underwriting discounts and other expenses.

Key Details

• Offering Size: $1,000,000,000 aggregate principal amount.
• Security: 4.603% Fixed-to-Floating Rate Senior Notes due 2029.
• Net Proceeds: Approximately $995.5 million after deducting underwriting discounts, commissions, and estimated offering expenses.
• Timeline: The notes were issued on June 25, 2026.