Business News • MarketWire • Fulton Financial Announces Pricing of $150 Million Subordinated Notes Offering |
Fulton Financial Announces Pricing of $150 Million Subordinated Notes Offering |
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Fulton Financial Announces Pricing of $150 Million Subordinated Notes Offering
LANCASTER, PA--(Marketwired - Jun 8, 2015) - Fulton Financial Corporation (NASDAQ: FULT) today announced the pricing of its previously announced public offering of $150 million aggregate principal amount of its 4.50% Subordinated Notes due 2024 (CUSIP No. 360271 AJ9) (the "Subordinated Notes") in a reopening of its existing series of such notes. The price to the purchasers was 99.708% of the principal amount of the Subordinated Notes representing a yield-to-maturity of 4.538%. The Subordinated Notes, which will not be redeemable prior to their maturity, are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on June 11, 2015, subject to the satisfaction of customary closing conditions.
View More : http://www.marketwired.com/mw/release.do?id=2027672&sourceType=3
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