State Street Corp
State Street Bank Issues $1.244 Billion in Senior Notes
Summary
On July 23, 2026, State Street Bank and Trust Company, a subsidiary of State Street Corporation, issued $750 million in 4.701% Senior Notes due 2029 and $500 million in 5.217% Senior Notes due 2034, totaling $1.244 billion in aggregate principal amount. The issuance was made exempt from registration under Section 3(a)(2) of the Securities Act of 1933. In connection with the issuance, State Street Bank entered into a fiscal agency agreement with U.S. Bank Trust Company, National Association. The sale of the notes was pursuant to a purchase agreement with several investment banks acting as representatives of the initial purchasers. State Street Bank expects to receive net proceeds of approximately $1.244 billion after deducting initial purchaser discounts and estimated offering expenses.
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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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