Citizens Financial Prices $400M Subordinated Notes Due 2036
CFG sits 99% above its 52-week low of $32.6.
Summary
Citizens Financial Group priced a $400 million offering of 5.299% fixed-reset subordinated notes due 2036. The offering, along with a concurrent unregistered offering from Citizens Bank, aims to bolster the company's capital structure.
Key Events · Financing and Capital Events · CFG
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Subordinated Notes Offering
Citizens Financial Group prices $400 million of 5.299% Fixed-Reset Subordinated Notes due 2036.
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Interest Rate Details
Notes bear interest at a fixed rate of 5.299% until January 29, 2031, then reset to the Five-year U.S. Treasury Rate plus 1.450%.
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Concurrent Unregistered Offering
Citizens Bank, N.A. is offering $750 million aggregate principal amount of its 4.192% Fixed Rate / Floating Rate Senior Notes due 2029 in concurrent unregistered offerings.
Analysis · CFG · Finance
Citizens Financial Group is issuing $400 million in fixed-reset subordinated notes due in 2036. The notes have an initial fixed interest rate of 5.299% until January 2031, after which the rate will reset based on the 5-year U.S. Treasury rate plus 1.450%. This offering provides Citizens Financial with additional capital and diversifies its funding sources.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 29.1% of the 1692 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CFG was trading at $65.00 on NYSE in the Finance sector, with a market capitalization of approximately $27.6B. The 52-week trading range was $32.60 to $65.88. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.