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Form 8-K · Current Report · Filed 2024-11-25

State Street Bank Issues Senior Notes

On November 25, 2024, State Street Bank and Trust Company, a subsidiary of State Street Corporation, issued $1.45 billion of Floating Rate Senior Notes due 2026 and $800 million of 4.782% Senior Notes due 2029.

Filer
State Street Corp STT · NYSE
Filed
Accession
0001193125-24-265166
CIK
0000093751
Signal
Medium impactFinancial Services

Details

The notes were issued under an exemption from registration under the Securities Act of 1933. State Street Bank also entered into a fiscal agency agreement with U.S. Bank Trust Company, National Association, in connection with the issuance of these notes.

Items reported

Item 8.01

Other Events

Corporate Update Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$97.50

Next session

+1.3%

Since filing

+88.9%

Latest close

$184.16

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from STT reporting the same item, with the next session's move:

Exhibits (1)

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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