Northern Trust Prices $500 Mln Of Senior Notes

Northern Trust Corp. Q1 13 Earnings Conference Call At 10:00 AM ET

Northern Trust Corp. Q1 Profit Increases - Quick Facts

Northern Trust Boosts Quarterly Dividend, Announces Buy Back Of Up To $400 Mln

Trade NTRS now with

7/30/2012 8:16 PM ET

Northern Trust Corp. (NTRS: Quote) said Monday that it has priced a public offering to sell $500 million of senior unsecured notes due 2022.

The notes will bear interest at 2.375% per year and will mature on August 2, 2022.

Northern Trust plans to use the proceeds of the offering for general corporate purposes.

BofA Merrill Lynch, Morgan Stanley and Goldman, Sachs & Co. are acting as joint book-running managers for the offering, with co-managers Barclays Capital and The Williams Capital Group.

Click here to receive FREE breaking news email alerts for Northern Trust Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 350 Articles

Editors Pick

Thailand Cuts 2013 GDP Outlook As Q1 Growth Slows More Than Expected

Thailand lowered its full-year growth outlook after weaker domestic demand and exports weighed on economic activity in the first three months of the year. Gross domestic product expanded 5.3 percent year-on-year in the first quarter of 2013 compared to an upwardly revised 19.1 percent growth in the fourth quarter of 2012, the National Economic and Social Development Board (NESDB) said Monday.

U.K. House Prices Hit Record High: Rightmove

The fifth consecutive monthly increase in the U.K. house prices amid limited supply took average asking prices to a record, a survey by Rightmove showed Monday. House prices hit a record GBP 249,841 in May, as new sellers raised their prices by 2.1 percent from the prior month. Prices were up by the same magniture in April.

Japan Upgrades Economic View Amid Export Recovery

The Japanese government on Monday upgraded its assessment of the economy for the first time in two months, as a weak yen helped revive the country's exports and factory output. "The Japanese economy is picking up slowly," the Cabinet Office said in its May monthly report. This was an upgrade from previous month's assessment when it said that economy was showing signs of picking up.