New Issue: ABC Bancorp $30 mln trust preferred securities price at 9%

By Paul A. Harris

St. Louis, Mo., Nov. 5 - ABC Bancorp Capital Trust I priced $30 million of trust preferred securities due Sept. 30, 2031 priced Monday at par for a yield of 9%, in the middle of its "9% area" talk, a syndicate source told Prospect News. The bookrunner was Sterne, Agee & Leach, Inc.,and co-manager Morgan

Keegan & Co.

Issuer: ABC Bancorp Capital Trust I

Amount: $30 million (upsized from $25 million)

Maturity:	Sept. 30, 2031
Type:	Cumulative trust preferred securities
Issuance:	3 million $10 liquidation preference shares to be traded on the NASDAQ
Manager:	Sterne, Agee & Leach, Inc.
Dividend:	9%
Price:	Par
Yield:	9%
Call features:	Callable beginning Sept. 30, 2006 at par
Settlement date:	Nov. 8
Cusip:	000408203
End

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