State Street Corp
State Street Corporation Issues $2.3 Billion in Senior Notes
Summary
On October 22, 2024, State Street Corporation issued $2.3 billion in senior notes, consisting of $1.2 billion in fixed rate notes, $300 million in floating rate notes, and $800 million in fixed-to-floating rate notes. The issuance was made through an underwriting agreement dated October 17, 2024, with several underwriters. State Street expects to receive net proceeds of approximately $2.29 billion after deducting underwriting discounts and offering expenses.
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Exhibits (5)
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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.
Official SEC Documents
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