Financing ·
On August 12, 2026, The Charles Schwab Corporation issued $1.25 billion of 5.108% Fixed-to-Floating Rate Senior Notes…
SCHW-PDSchwab Charles Corp
On August 12, 2026, The Charles Schwab Corporation issued $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. Net proceeds from the offering were approximately $2,582 million after deducting underwriting discounts and estimated offering expenses. The notes were sold to a syndicate of underwriters including BofA Securities, Citigroup, Morgan Stanley, TD Securities, and Wells Fargo Securities pursuant to an Underwriting Agreement dated August 10, 2026. This debt issuance is part of the company's capital management strategy within the financial services industry.