News & Deep Analysis
SCHW-PJ

SCHW-PJ Issues $1B 4.603% Senior Notes due 2029

Published: June 29, 2026
SCHWAB CHARLES CORP

Direct News

  • Ticker: SCHW-PJ
  • Issued amount: $1.00 billion
  • Security: Senior Notes
  • Coupon: 4.603%
  • Maturity: 2029
  • Announcement date: 2026-06-29

Historical Context

Recent reported transactions for SCHW-PJ in 2026: - 2026-05-21: Issued $2.25 billion Fixed-to-Floating Senior Notes due 2030 and 2037. - 2026-04-22: Series L Preferred Stock offering raised $1.48 billion. - 2026-04-22: Change to shareholder rights structure reported. The 2026-06-29 issuance of $1.00 billion 4.603% Senior Notes due 2029 follows these earlier financings and corporate actions reported in April and May 2026.

Deal overview

On 2026-06-29, SCHW-PJ issued $1.00 billion of senior notes carrying a fixed coupon of 4.603% and maturing in 2029. The instruments are identified as senior notes and the reported terms for this transaction are the principal amount, coupon rate and maturity year listed above. The issuance adds $1.00 billion of senior debt with a stated coupon of 4.603% through 2029. No additional terms, uses of proceeds or covenants were provided in the summary.

Placement in 2026 capital activity

This offering is part of a sequence of capital markets transactions by SCHW-PJ in 2026. Taken together with prior transactions earlier in the year, the June 29 senior notes represent another discrete issuance of debt on specified terms. Investors and analysts referencing SCHW-PJ's 2026 financing activity should consider this $1.00 billion 4.603% 2029 issuance alongside the other reported offerings from the same period.

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