Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 4:31 AM
Slide #310. Zions Bancorporation — Preferred Stock Offering
||Zions Bancorporation (NASDAQ:ZION)
|Price Per Share:
|Preferred Stock Offering Details:
||Zions Bancorporation announced its plans to offer $100,000,000 to $250,000,000 aggregate liquidation preference of Series I fixed/floating rate non-cumulative perpetual preferred stock pursuant to a prospectus supplement dated May 13, 2013 to its prospectus dated April 4, 2011. The public offering price of each share will be equal to the liquidation preference per share, or $1,000.00. During the auction period, bids can be submitted for the dividend rate for the shares at or above a minimum of 5.45% per share (in increments of 0.05%) and up to and including the maximum dividend rate of 5.95% per share. The dividend rate, allocation and amount of shares to be sold in this offering will be determined by an online auction process facilitated by Zions Direct, Inc. ("Zions Direct"), as auction service provider. Deutsche Bank Securities Inc., Goldman, Sachs & Co., Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Zions Direct are serving as underwriters and joint book-running managers for the offering.
Zions is a financial holding company. Through its subsidiaries, Co. provides banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Co. provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities; and investment activities. As of Dec 31 2016, Co. had total assets of $63.24 billion and total deposits of $53.24 billion.
Preferreds: ZB.PRA, ZB.PRB, ZB.PRC, ZB.PRF, ZB.PRG, ZB.PRH
Open the ZION Page at Ru Back Packer »
Open the ZION Page at Ru Back Packer (in a new window) »