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New Issue-Charles Schwab sells $425 mln in notes
May 30, 2012 / 6:13 PM / 5 years ago

New Issue-Charles Schwab sells $425 mln in notes

May 30 (Reuters) - The Charles Schwab Corp on
Wednesday sold $425 million of series B non-cumulative preferred
notes, said IFR, a Thomson Reuters service.	
    The deal was upsized from the originally planned $200
million.	
    Wells Fargo, Bank of America Merrill Lynch, Citigroup and
UBS were the joint bookrunning managers for the sale.	
	
BORROWER: CHARLES SCHWAB	
	
AMT $425 MLN    COUPON 6 PCT       MATURITY    PERPETUAL	
TYPE NTS        ISS PRICE 25       FIRST PAY    9/1/2012 	
MOODY'S Baa2    YIELD N/A          SETTLEMENT   6/6/2012   	
S&P BBB-PLUS    SPREAD N/A         PAY FREQ    SEMI-ANNUAL	
FITCH BB-PLUS   MORE THAN TREAS    NON-CALLABLE   N/A

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