E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers O > Headlines for Old National Bancorp > News item
Published on 11/12/2010 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.