Capital One Financial Corp. COF raised $3.5 billion in a pair of corporate bond offerings while Truist Financial Corp. TFC raised $3.25 billion in two parts, according to filings on Tuesday. Truist issued $1.75 billion in medium-term 5.867% fixed-to-floating rate senior notes due in 2034, as well as $1.5 billion in medium-term 6.047% fixed-to-floating rate senior notes due in 2027. Capitol One issued $1.75 billion in 6.312% fixed-to-floating rates senior notes due in 2029, as well as $1.75 billion in 6.377% fixed-to-floating rate senior notes due in 2034. Capitol One stock is down fractionally in pre-market trades on Tuesday. Truist Financial stock is down about 25.5% in 2023, compared to an 11.3% by the S&P 500 SPX.
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