M&T Bank Prices $1.25 Billion Debt Offering, Including $500M Subordinated Notes

summarizeSummary

M&T Bank priced a $1.25 billion debt offering, comprising $500 million in subordinated notes and $750 million in senior notes, bolstering its capital structure.

check_boxKey Events

• Subordinated Notes Priced

  M&T Bank priced $500 million of 5.295% Fixed Rate Reset Subordinated Medium-Term Notes, Series B due 2036, at 100.000% of principal amount.

• Concurrent Senior Note Offering

  The company also announced a concurrent offering of $750 million in 4.548% fixed rate/floating rate senior bank notes due April 18, 2030.

• Total Capital Raised

  The combined offerings will raise approximately $1.25 billion in gross proceeds for the company, strengthening its balance sheet.

auto_awesomeAnalysis

M&T Bank Corporation has finalized the terms for a significant debt offering, raising a total of $1.25 billion. This FWP serves as the pricing term sheet, supplementing a preliminary pricing supplement filed earlier on April 16, 2026. The offering includes $500 million in 5.295% fixed-rate reset subordinated notes due 2036 and a concurrent offering of $750 million in 4.548% fixed-rate/floating-rate senior bank notes due 2030. This substantial capital raise strengthens the bank's financial position and provides additional liquidity for general corporate purposes, following its recent strong first-quarter earnings report.