Published on 5/18/2022 in the Prospect News Investment Grade Daily.
New Issue: Citizens Bank prices $650 million 4.119% three-year fixed-to-floaters
By Wendy Van Sickle
Columbus, Ohio, May 18 – Citizens Bank, NA priced $650 million of 4.119% three-year fixed-to-floating rate senior notes on Wednesday, according to a news release.
BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citizens Capital Markets, Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
The bank is based in Providence, R.I.
| Issuer: | Citizens Bank, NA
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| Amount: | $650 million
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| Issue: | Fixed-to-floating rate senior notes
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| Maturity: | 2025
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| Bookrunners: | BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citizens Capital Markets, Inc.
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| Coupon: | 4.119% initially
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| Trade date: | May 18
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| Settlement date: | May 23
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