PNC Announces Redemption of 4.758% Fixed Rate/Floating Rate Senior Notes Due Jan. 26, 2027
Rhea-AI Summary
PNC (NYSE: PNC) announced it will redeem all outstanding 4.758% Fixed Rate/Floating Rate Senior Notes due Jan. 26, 2027 on Jan. 26, 2026. The notes were issued in the principal amount of $1,250,000,000 (CUSIP 693475 BL8). The redemption price is 100% of principal plus any accrued and unpaid interest to the redemption date; interest will cease to accrue on the redemption date. Payment will be made through the facilities of The Depository Trust Company.
PNC is described as a large diversified financial services institution offering retail and business banking, corporate and government services, wealth management and asset management.
Positive
- Redeems $1,250,000,000 of senior notes maturing Jan. 26, 2027
- Redemption price set at 100% of principal plus accrued interest
Negative
- Requires cash payment of $1,250,000,000 plus accrued interest on Jan. 26, 2026
News Market Reaction – PNC
In the Jan 15 session, PNC gained 1.28%, reflecting a mild positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 06 | Debt redemption | Positive | +1.0% | Redeemed senior bank notes due 2027 at par plus accrued interest. |
| Jan 05 | Acquisition close | Positive | +2.0% | Closed FirstBank acquisition expanding presence in Colorado and Arizona. |
| Jan 05 | Dividend declaration | Positive | +2.0% | Declared $1.70 quarterly dividend on common shares and preferreds. |
| Dec 17 | Affordable housing fund | Positive | +0.1% | Closed LIHTC Fund 100 investing over $175M in affordable housing. |
| Dec 15 | Community initiative | Positive | +0.1% | Sponsored Taste of the Draft to support school meals and NFL FLAG kits. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent corporate actions (acquisition, dividends, prior note redemptions) have generally coincided with modestly positive next-day price reactions.
Over the past month, PNC announced multiple balance sheet and capital-related actions. On Jan. 6, 2026, it redeemed senior bank notes due 2027, with a +1.04% next-day move. On Jan. 5, 2026, it completed the FirstBank acquisition and declared a $1.70 common dividend, each associated with a +2.05% reaction. Earlier in December, community and affordable housing initiatives drew small positive moves. Today’s senior note redemption continues this pattern of active liability and capital management.
Key Terms
senior notes financial
fixed rate/floating rate financial
cusip financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Payment of the redemption price for the
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in
CONTACTS
MEDIA:
Kristen Pillitteri
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.