Capital ONE Financial closed €750,000,000 notes offering due 2032
Capital ONE Financial closed a public offering of €750,000,000 of 4.326% Fixed-to-Floating Rate Senior Notes due 2032 on September 15, 2026, as reported in a SEC filing.
What happened
On September 15, 2026, Capital One Financial Corporation closed the public offering of €750,000,000 aggregate principal amount of 4.326% Fixed-to-Floating Rate Senior Notes due 2032. The offering included €750,000,000 aggregate principal amount of 4.326% Fixed-to-Floating Rate Senior Notes due 2032. The offering also included €750,000,000 aggregate principal amount of 4.832% Fixed-to-Floating Rate Senior Notes due 2037.
Fixed-to-Floating Rate described how the interest was structured, starting with a fixed rate before moving to a floating rate. Senior Notes meant the debt held a senior position in the capital structure, which mattered for how claims were ranked. For investors, those labels defined the type of debt that had been issued.
Completed sale fixed the issued debt for investors
In connection with the closing of the offering, the Company entered into a paying agency agreement with The Bank of New York Mellon, London Branch, as paying agent. That step was tied directly to the closing of the offering. The Bank of New York Mellon, London Branch, served in the role of paying agent.
The closing marked the point at which the offering process was completed and the Notes were issued. For the company, it recorded new debt with stated terms and maturities described in the filing. For investors, it clarified which securities had been created and how payments would be administered.
Underwriting and indenture documented how sale was arranged
The Notes were offered pursuant to an underwriting agreement dated September 9, 2026, with Barclays Bank PLC, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc and Capital One Securities, Inc. The Notes were issued pursuant to a Senior Indenture dated as of November 1, 1996. According to the company, the filing reports Item 8.01: Other Events and Item 9.01: Financial Statements and Exhibits.
The underwriting agreement identified the parties that arranged the sale, while the indenture identified the framework under which the Notes were issued. Together they showed the contractual basis reported for the transaction.
