State Street Bank and Trust Company, a wholly-owned subsidiary of State Street Corporation, has completed a debt offering totaling $1.25 billion in aggregate principal amount. The offering consists of two series of senior notes and is expected to generate net proceeds of approximately $1.244 billion.
Key Details
- Offering Details: The issuance includes $750 million of 4.701% Senior Notes due 2029 and $500 million of 5.217% Senior Notes due 2034.
- Net Proceeds: The company expects to receive approximately $1.244 billion after deducting initial purchaser discounts and estimated offering expenses.
- Transaction Date: The notes were issued on July 23, 2026, pursuant to a purchase agreement dated July 21, 2026.