interest rate News & Analysis
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Lincoln National Corporation (LNC) Issues $500 Million in Notes
Lincoln National Corporation (LNC) entered an underwriting agreement on June 24, 2026, to issue $500 million in subordinated notes. The notes, maturing on July 15, 2056, have a fixed interest rate of 6.800%, reset every five years post-2036 based on the 5-year US Treasury yield plus 2.400%. Priced at face value, they were sold at a 1% discount to the underwriting group and are unsecured, ranking below senior debt. LNC plans to use proceeds for general purposes, potentially including redeeming higher-cost preferred stock, adjusting its capital structure.
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Bank of England Holds Interest Rates at 3.75% Amid Economic Uncertainty
The Bank of England has maintained its interest rate at 3.75% for the fourth consecutive time, the lowest since February 2023. This rate dropped from 4% in December 2025, with analysts now expecting no cuts for the rest of the year due to the economic impact of the war in Iran. Inflation, as measured by the CPI, has decreased from a high of 11.1% in October 2022, but rising energy costs due to geopolitical tensions pose ongoing risks. The base rate for the Bank of England previously peaked at 5.25% in 2023, indicating a volatile economic environment.
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