PNC Funding Corp launches $2 bln 2-part note sale

NEW YORK, Feb 3 (BestGrowthStock) – PNC Funding Corp on Wednesday
launched $2.0 billion of notes in a two-part sale, said IFR, a
Thomson Reuters service.

The offering includes $1.0 billion of five-year notes
expected to yield 125 basis points over comparable U.S.
Treasuries and $1.0 billion of 10-year notes expected to yield
145 basis points more than U.S. Treasuries.

The joint lead managers on the sale are JPMorgan and Morgan
Stanley.
Stock Market

(Reporting by Caryn Trokie; Editing by Theodore d’Afflisio)

PNC Funding Corp launches $2 bln 2-part note sale