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Get filing alertsSchwab issues $2.6B in senior notes, netting ~$2.58B after fees
Filed August 12, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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high
Issued $1.25B of 5.108% senior notes due 2032 and $1.35B of 5.655% senior notes due 2037, both fixed-to-floating rate structures
Item 8.01 verify on EDGAR → -
medium
Netted approximately $2.582B after underwriting discounts and offering expenses; use of proceeds not disclosed
Item 8.01 verify on EDGAR → -
low
Engaged BofA Securities, Citigroup, Morgan Stanley, TD Securities, and Wells Fargo Securities as underwriters
Item 8.01 verify on EDGAR →
Summary
Schwab completed a $2.6 billion senior notes offering across two tranches: $1.25 billion maturing in 2032 at 5.108% and $1.35 billion maturing in 2037 at 5.655%. Both tranches feature fixed-to-floating rate structures, meaning they will pay fixed rates initially before converting to floating rates at specified future dates. The company netted approximately $2.582 billion after fees.The notes are unsecured senior obligations, ranking equally with the company's other senior unsecured debt.
For retail holders, this is a straightforward debt capital raise that increases Schwab's leverage but provides additional liquidity and financial flexibility. The pricing and terms are undisclosed beyond the stated rates and maturities.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Schwab issued $2.6B in senior notes: $1.25B 2032 notes at 5.108% and $1.35B 2037 notes at 5.655%, netting ~$2.582B after fees.
Added in current filing · verify on EDGAR →
On August 12, 2026, The Charles Schwab Corporation (“CSC”) issued $1,250,000,000 aggregate principal amount of 5.108% Fixed-to-Floating Rate Senior Notes due 2032 (the “2032 Notes”) and $1,350,000,000 aggregate principal amount of 5.655% Fixed-to-Floating Rate Senior Notes due 2037 (the “2037 Notes” and, together with the 2032 Notes, the “Notes”).
Schwab issued $2.6 billion in senior notes across two tranches: $1.25 billion maturing in 2032 with a 5.108% fixed-to-floating rate, and $1.35 billion maturing in 2037 with a 5.655% fixed-to-floating rate. These are unsecured senior obligations that will initially pay fixed rates before converting to floating rates at specified dates.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On August 10, 2026, CSC entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which CSC agreed to issue and sell the Notes to the Underwriters.
Schwab engaged five major investment banks as underwriters for the offering: BofA Securities, Citigroup, Morgan Stanley, TD Securities, and Wells Fargo Securities. These firms purchased the notes from Schwab and resold them to investors.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify