Charles Schwab Corp. on May 22 issued $600 million of its 3.250% senior notes due May 22, 2029.

Interest will be paid May 22 and Nov. 22 of each year, starting Nov. 22.

Net proceeds were about $594.0 million, which the company intends to use for general corporate purposes, including the repurchase of common stock.

Credit Suisse Securities (USA) LLC, BofA Securities Inc. and Citigroup Global Markets Inc. were the joint book-running managers for the offering.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the senior co-managers while HSBC Securities (USA) Inc., Lloyds Securities Inc., PNC Capital Markets LLC and U.S. Bancorp Investments Inc. were the co-managers.