State Street Corp
State Street Corporation Announces Redemption of $1B Senior Notes Due 2025
Summary
On October 1, 2024, State Street Corporation announced the redemption of all its $1 billion aggregate principal amount of 2.354% Fixed-to-Floating Rate Senior Notes due 2025 on November 1, 2024. The redemption will be at 100% of the principal amount plus accrued interest up to, but excluding, the redemption date. Interest on the notes will cease after the redemption date. The company intends to fund the redemption using its cash on hand.
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About State Street Corp
State Street Corporation is a prominent financial services and bank holding company. It plays a crucial role in the global financial infrastructure by offering services such as investment management, investment research, and investment servicing. Known for its extensive custody services, State Street holds the assets of various institutional investors, ensuring they are safeguarded and efficiently managed. Additionally, it provides comprehensive investment management solutions, encompassing strategy, research, and advisory services to a diverse client base including asset owners and asset managers. The corporation's influence spans across sectors such as mutual funds, retirement plans, insurance, and sovereign wealth funds. Headquartered in Boston, Massachusetts, State Street Corporation has established itself as a pivotal partner in both domestic and international markets, contributing to the stability and efficiency of the financial ecosystem globally. Besides its custodial dominance, the company is also recognized for its technological advancements in asset servicing, supporting clients with innovative tools and data solutions to optimize investment outcomes.
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