{"id":1933336,"date":"2023-05-18T11:30:21","date_gmt":"2023-05-18T15:30:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charles-schwab-to-raise-2-5-billion-through-debt-offering\/"},"modified":"2023-05-18T11:32:13","modified_gmt":"2023-05-18T15:32:13","slug":"charles-schwab-to-raise-2-5-billion-through-debt-offering","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charles-schwab-to-raise-2-5-billion-through-debt-offering\/","title":{"rendered":"Charles Schwab plans to raise $2.5B via debt offering."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcharles-schwab-to-raise-2-5-billion-through-debt-offering%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1933336&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Charles Schwab Corp to Raise $2.5 Billion Through Debt Offering<\/h2>\n<p>Brokerage firm Charles Schwab Corp has announced its plans to raise up to $2.5 billion through a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rbc-cuts-10-investment-banking-jobs-in-u-s-spokesperson-says\/\" title=\"RBC cuts 10 investment banking jobs in U.S., spokesperson says\">debt offering<\/a>. The company will raise the debt in two parts via notes due in 2029 and 2034. Yield-to-maturity on the 2029 and 2034 notes would be 205 basis points and 227 basis points higher than those on the benchmark, risk-free Treasury notes, respectively. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs &#038; Co LLC, J.P. Morgan and Wells Fargo Securities are the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charles-schwab-to-raise-2-5-billion-through-debt-offering\/\" title=\"Charles Schwab plans to raise .5B via debt offering.\">joint book-running managers<\/a> for the offering.<\/p>\n<h3>Use of Proceeds<\/h3>\n<p>In a filing with the U.S. Securities and Exchange Commission, the brokerage firm stated that it would use the proceeds for \u201cgeneral corporate purposes.\u201d<\/p>\n<h3>Financial Performance<\/h3>\n<p>Last month, Schwab reported first-quarter profit ahead of analysts\u2019 expectations, boosted by growth in interest income. Its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canadian-olympic-committee-warns-athletes-not-to-criticize-china\/\" title=\"Canadian Olympic Committee Warns Athletes Not to Criticize China\">chief executive officer<\/a>, Walter Bettinger, also allayed concerns about its financial strength. However, shares of the company were down 1.4% at $51.10 in premarket trading, while most other financial stocks were climbing.<\/p>\n<h3>Joint Book-Running Managers<\/h3>\n<p>BofA Securities, Citigroup, Credit Suisse, Goldman Sachs &#038; Co LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charles Schwab plans to raise $2.5 billion through a debt offering, split into two parts with notes due in 2029 and 2034. The announcement follows a recent filing with the U.S. Securities and Exchange Commission.<\/p>\n","protected":false},"author":66,"featured_media":1933337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[25187,7758,5487,14698,3641,5283,15144],"class_list":["post-1933336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-2-5b","tag-charles","tag-debt","tag-offering","tag-plans","tag-raise","tag-schwab"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1933336"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1933337"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1933336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1933336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1933336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}