Cullen/Frost to redeem all junior floaters due 2034

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Cullen/Frost Bankers Inc. called all $13,403,000 of its floating-rate junior subordinated debt securities due 2034 for redemption on March 16, according to a news release.

The capital and common securities will be redeemed at a liquidation amount of $1,000 apiece plus accrued interest on Oct. 23.

Cullen/Frost is the San Antonio-based holding company for Frost Bank.

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