Schwab raises $2.24B in debt offering with senior notes due 2030 and 2037

Filed May 21, 2026 · Period ending May 18, 2026 · ~1 min read

Key Changes

• high

  Charles Schwab issued $2.25 billion in senior notes across two tranches: $1B at 4.744% due 2030 and $1.25B at 5.493% due 2037. Both are fixed-to-floating rate notes, meaning rates will adjust after an initial period.

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• medium

  Net proceeds totaled $2.236 billion after underwriting fees and expenses, representing about 0.6% in transaction costs. Funds are available for general corporate purposes.

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• low

  Five major banks underwrote the offering: BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, and Wells Fargo. The underwriting agreement was signed May 18, with notes issued May 21.

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