Charles Schwab raises $2.6B in senior notes offering
What's the deal? The Charles SchwabDealroom has a profile for this one. Try Dealroom → Corporation has completed a $2.6 billion public debt offering, split between $1.25 billion of 5.108% fixed-to-floating rate senior notes due 2032 and $1.35 billion of 5.655% fixed-to-floating rate senior notes due 2037. BofA SecuritiesDealroom has a profile for this one. Try Dealroom →, Citigroup Global MarketsDealroom has a profile for this one. Try Dealroom →, Morgan Stanley & Co.Dealroom has a profile for this one. Try Dealroom →, TD SecuritiesDealroom has a profile for this one. Try Dealroom →, and Wells Fargo SecuritiesDealroom has a profile for this one. Try Dealroom → served as joint bookrunning managers.
Who's raising? Charles Schwab is a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent advisors.
Why it stands out: At $2.6 billion, the offering sits in the 96th percentile by size among all post-IPO debt rounds raised by US fintech companies — placing it near the top of 753 comparable deals on record.
The signal: Large, investment-grade issuers continue to tap public debt markets in size, and Schwab's two-tranche structure — spreading maturities across 2032 and 2037 — reflects a measured approach to locking in long-dated funding at fixed-to-floating rates.
Read more: stblaw.com
Image credit: ChrisTylerTO
