Títulos del mercado público
For Smart Debt Solutions and Interest Cost Savings
We deliver a broad array of public markets solutions, including high-yield and investment grade bonds, hybrid securities and tax-exempt industrial revenue products. PNC provides market knowledge, structuring expertise and strong execution as part of our overall service to our clients.
Public Bonds
Better Terms and Better Rates
Public senior and subordinated bonds are often an attractive term debt source for a publicly traded borrower. An underwritten bond issue reduces refinancing risk, helps near term cash flow, and matches asset lives to liability terms and can increase bank financing availability. PNC will work with you to determine if a public transaction is a good option. Public debt issues are often the right choice for:
- Transaction of $300 million or more
- Companies with public ratings or those intending to get one
- Companies that are or intend to be publicly reporting.
Convertible/Hybrid Securities
More Flexibility and Lower Coupons
Instruments combining features of equity and debt may be the right solution for issuers, especially when trying to improve financial or regulatory capital ratios or when the coupon cost of straight senior or subordinated debt is too high. This can also be true of an issuer whose equity is broadly considered by the markets to have strong upside potential.
Tax Exempt Industrial Revenue Bonds
Save On Interest and Drive Growth
Private Activity Bonds, also referred to as Industrial Revenue Bonds (“IRBs”), is a federal tax-free bond program for the purpose of providing special financing benefits for qualified projects. The financing is most often for projects of a private user. Qualified projects can be small manufacturing, recycling, solid waste disposal or improvements on docks or wharfs. Because the interest is exempt from federal income tax, generally IRBs provide for a lower interest rate that traditional financing. In addition, some states have programs providing for real estate tax abatements or sales tax savings on construction materials. IRBs can be structured as fixed or variable rate loans.
Divulgaciones legales importantes e Información
Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
Lee un resumen de los derechos de privacidad de los residentes de California que describe los tipos de información que recabamos, y cómo y por qué utilizamos dicha información.
