First Regional registers $15 million of convertibles

New York, Dec. 24 - First Regional Bancorp registered $15 million of 6% convertible subordinated debentures due 2023 with the Securities and Exchange Commission.

The securities were previously issued on Oct. 30 under Regulation S and Regulation D.

First Regional is a Los Angeles bank holding company.

Issuer:	First Regional Bancorp
Issue:	Convertible subordinated debentures
Amount:	$15 million
Maturity:	Oct. 30, 2023
Coupon:	6%
Conversion price:	$27.50
Conversion ratio:	36.3636
Call:	Oct. 30, 2006 onwards at 106, then from Oct. 30, 2007 onwards at par
Provisional call:	At any time subject to 140% hurdle

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