State Street $1.5 Billion Debt Issuance Involves Four Black-Owned Investment Firms
February 07 2022 - 2:54PM
Dow Jones News
By Denny Jacob
Financial holding company State Street Corp. said it has issued
an aggregate of $1.5 billion of senior unsecured debt as part of
its ongoing inclusion, diversity and equity efforts.
Four Black-owned investment firms were involved in the offering,
which closed Monday. Siebert Williams Shank & Co LLC and Loop
Capital Markets LLC acted as bookrunners, and CastleOak Securities
LP and Blaylock Van LLC acted as co-managers. Collectively, these
investment firms have underwritten almost half of the debt
securities in the issuance.
State Street's offering marks its third such issuance in under a
year where syndication has been structured under the Boston,
Mass.-based company's inclusion, diversity and equity strategy.
The full underwriting syndicate also included Goldman Sachs
& Co. LLC and Credit Suisse Securities (USA) LLC acting as
bookrunners, with Citigroup Global Markets Inc. acting as
co-manager.
"We are pleased to announce this deal as we begin our
celebration of Black History Month in the U.S.," State Street's
Financial Chief Eric Aboaf said. "The partnership with these highly
regarded Black-owned businesses allows us to amplify our impact as
an organization by improving diverse representation within our
industry."
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 07, 2022 14:39 ET (19:39 GMT)
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