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State Street to sell fixed-to-floaters due 2033 via four bookrunners
By Mary-Katherine Stinson
Lexington, Ky., Aug. 1 – State Street Corp. will offer fixed-to-floating rate senior notes due 2033 via four bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will bear interest at a fixed rate and then at a floating rate based on SOFR plus a margin.
There is a par call option in 2032.
BofA Securities, Inc., Cabrera Capital Markets LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are the bookrunners.
U.S. Bank Trust Co., NA is the trustee.
Wilmer Cutler Pickering Hale and Dorr LLP is counsel for State Street.
Cravath, Swaine & Moore LLP is counsel to the underwriters.
Proceeds will be used for general corporate purposes.
The asset management company is based in Boston.
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