$SCHW · SCHWAB CHARLES CORP
On November 12, 2026, The Charles Schwab Corporation issued $300M Floating Rate Notes due 2030, $1.3B of 5.334% Fixed-to-Floating Rate Senior Notes due 2030, and $1.4B of 5.732% Fixed-to-Floating Rate Senior Notes due 2034. Net proceeds were approximately $2,982M after underwriting discounts and estimated offering expenses. The notes were issued under the Senior Indenture dated November 14, 2025, as supplemented by the Fifth Supplemental Indenture, and sold via an underwriting agreement dated November 9, 2026.
- Total issuance across three tranches maturing 2030 and 2034.
- Net proceeds approximately $2,982M after underwriting discounts and offering expenses.
- Underwriters: Citigroup, Goldman Sachs, J.P. Morgan, TD Securities, and Wells Fargo.
- Notes issued under the Senior Indenture dated November 14, 2025, as supplemented.
Extended-hours last trade $91.85, +0.14% vs regular close; a routine debt offering drew no meaningful reaction.
A routine balance-sheet funding event with no strategic or operational signal for investors.
_Not applicable._
Fixed-to-floating notes expose Schwab to higher interest costs if benchmark rates rise after the fixed-rate period.