State Street to Redeem $1 Billion Senior Notes Early

State Street ( (STT) ) just unveiled an update.

State Street Corporation has announced that it will redeem all of its $1 billion senior notes with a 2.354% fixed-to-floating rate, due in 2025, on November 1, 2024. The notes will be bought back at their full principal amount, plus any accrued interest up until the redemption date. Post-redemption, interest will no longer accumulate, and State Street plans to use its available cash to cover the redemption costs.

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