Bond PNC Financial Group 6.875% ( US635405AM57 ) in USD

Issuer	PNC Financial Group
Market price	100.012 % ▲
Country	United States
ISIN code	US635405AM57 ( in USD )
Interest rate	6.875% per year ( payment 2 times a year)
Maturity	15/05/2019 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	700 000 000 USD
Cusip	635405AM5
Detailed description	PNC Financial Services Group, Inc. is a diversified financial services company offering banking, investment and asset management, and wealth management services, operating primarily in the United States through its subsidiaries, including PNC Bank, National Association. A detailed review of PNC Financial Services Group's recently matured bond (ISIN: US635405AM57, CUSIP: 635405AM5) reveals the characteristics of a significant fixed-income instrument issued by this prominent diversified financial services institution headquartered in Pittsburgh, Pennsylvania, which operates across retail banking, corporate and institutional banking, and asset management, serving as one of the largest banks in the United States by assets. This USD-denominated obligation, issued from the United States, carried an attractive annual interest rate of 6.875%, with payments distributed semi-annually, reflecting a payment frequency of 2. The total size of this particular issue amounted to $700,000,000, with a minimum investment threshold set at $1,000, and its market performance once saw it trade at 100.012% of its par value. The bond reached its definitive maturity date on May 15, 2019, and has since been fully redeemed by PNC Financial Services Group, ensuring all principal was repaid to bondholders as per the terms of the issuance agreement.