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Old National to redeem all $100 million 8% trust preferred securities
By Devika Patel
Knoxville, Tenn., Nov. 12 - Old National Bancorp said it will redeem all $100 million of its outstanding 8% trust preferred securities due 2032 on Dec. 15. The redemption is a result of the company calling all of its 8% junior subordinated debentures due 2032.
The securities will be redeemed at $25.00 apiece. Dividends will accrue up to but excluding the redemption date.
ONB Capital Trust II is the trustee.
Old National is a financial holding company based in Evansville, Ind.
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