AI English summary of an SEC filing — figures as filed
State Street STTState Street said its subsidiary, State Street Bank and Trust Company, issued November 25, 2024 Floating Rate Senior Notes due 2026, 4.594% Senior Notes due 2026 and 4.782% Senior Notes due 2029.
Key points
AI summaryState Street said its subsidiary, State Street Bank and Trust Company, issued November 25, 2024 Floating Rate Senior Notes due 2026, 4.594% Senior Notes due 2026 and 4.782% Senior Notes due 2029.
The company said the Bank Notes consist of $300,000,000 of Floating Rate Senior Notes due 2026, $1,150,000,000 of 4.594% Senior Notes due 2026 and $800,000,000 of 4.782% Senior Notes due 2029.
The company said the Bank Notes were sold on November 20, 2024 under a purchase agreement, and that State Street Bank expects net proceeds of about $2.241 billion.
The company said State Street Bank entered into a Fiscal Agency Agreement with U.S. Bank Trust Company, National Association, the fiscal agent for the Bank Notes, on November 25, 2024.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
State Street Bank Bank Notes issuance
State Street said its subsidiary, State Street Bank and Trust Company, issued November 25, 2024 Floating Rate Senior Notes due 2026, 4.594% Senior Notes due 2026 and 4.782% Senior Notes due 2029.
Source · Based on the filing body and exhibits
Issue size: three tranches of senior notes
The company said the Bank Notes consist of $300,000,000 of Floating Rate Senior Notes due 2026, $1,150,000,000 of 4.594% Senior Notes due 2026 and $800,000,000 of 4.782% Senior Notes due 2029.
Source · Based on the filing body and exhibits
Purchase agreement and net proceeds
The company said the Bank Notes were sold on November 20, 2024 under a purchase agreement, and that State Street Bank expects net proceeds of about $2.241 billion.
Source · Based on the filing body and exhibits
Fiscal Agency Agreement entered into
The company said State Street Bank entered into a Fiscal Agency Agreement with U.S. Bank Trust Company, National Association, the fiscal agent for the Bank Notes, on November 25, 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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