Charles Schwab to Raise $2.5 Billion Via Bond Sales

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Last Post by Pizza Man 2 years ago

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Pizza Man

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Topic starter May 18, 2023 4:37 pm

Schwab said it will sell $1.2 billion in bonds due in 2029, along with $1.3 billion in notes expiring in 2034. The two securities will have yields to maturity (YTM) of 5.64% and 5.85%, respectively, yielding just over a 2% premium to the 10-year U.S. Treasury note, which is currently trading at 3.6%.

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