Citizens Bank announces senior notes totaling $1B

PROVIDENCE – Citizens Financial Group Inc. last month announced the pricing of senior unsecured notes totaling in aggregate $1 billion.
The senior notes, offered by the company’s subsidiary Citizens Bank, comprises $700 million 2.25 percent fixed-rate notes due 2020, and $300 million floating-rate notes due 2020 with an interest rate of three-month LIBOR plus 0.54 percent, according to the announcement.
Morgan Stanley & Co. LLP, Credit Suisse Securities USA LLC, Citigroup Global Markets Inc., Citizens Capital Markets Inc. and J.P. Morgan Securities LLC are acting as underwriters for the senior notes offering.
Citizens, a regional bank based in Providence, is the largest state-based bank with $149.5 billion in assets.