01—Abstract
Summary
Summary of the 8-K filed September 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Capital One Financial Corporation (COF) announced the successful closing of a public offering of senior notes totaling €1.5 billion on September 15, 2026.
This offering was split into two tranches: €750 million of 4.326%a Fixed-to-Floating Rate Senior Notes due 2032 and €750 million of 4.832% Fixed-to-Floating Rate Senior Notes due 2037. These notes were issued under an established indenture framework, with the offering being underwritten by a syndicate of prominent financial institutions including Barclays Bank PLC, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, and Capital One Securities, Inc. The net proceeds from this offering will provide Capital One with additional capital, likely to support its ongoing business operations, lending activities, and growth strategies.
The fixed-to-floating rate structure of the notes suggests a strategy to manage interest rate risk, potentially hedging against future increases in borrowing costs. Investors should note the specific coupon rates and maturity dates to assess the impact on the company's future interest expenses and leverage.
02—Key points
Key Highlights
- Closed public offering of €1.5 billion in senior notes.
- Includes €750 million of 4.326% Fixed-to-Floating Rate Senior Notes due 2032.
- Includes €750 million of 4.832% Fixed-to-Floating Rate Senior Notes due 2037.
- Notes are structured as fixed-to-floating rate debt.
- Offering was underwritten by a syndicate of major financial institutions.
- The notes were issued pursuant to an existing Senior Indenture and a First Supplemental Indenture.
- The offering supports Capital One's capital raising efforts.
03—Questions
Frequently Asked Questions
What was the total amount raised by Capital One in this offering?
Capital One Financial Corporation raised a total of €1.5 billion through the public offering of its senior notes.
What are the key terms of the notes issued?
The offering consisted of €750 million of 4.326% Fixed-to-Floating Rate Senior Notes due 2032 and €750 million of 4.832% Fixed-to-Floating Rate Senior Notes due 2037. Both tranches are fixed-to-floating rate notes.
Who were the underwriters for this offering?
The offering was underwritten by a syndicate led by Barclays Bank PLC, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, and Capital One Securities, Inc.
Under what agreements were these notes issued?
The notes were issued pursuant to the Senior Indenture dated November 1, 1996, as supplemented by the First Supplemental Indenture dated November 2, 2021. The offering itself was governed by an underwriting agreement dated September 9, 2026.
04—Continue