Prosperity Bancshares calls TXUI's $7 million 10.6% capital securities

By Toni Weeks

San Diego, Jan. 28 - Prosperity Bancshares, Inc. is calling for full redemption the $7 million 10.6% fixed-rate capital securities due Sept. 7, 2030 issued by TXUI Statutory Trust I, according to an announcement.

The company said it will redeem the bonds on March 7 at a redemption price of 105.3.

The paying agent is U.S. Bank NA, St. Paul office (651 973-5800).

TXUI Statutory Trust is a subsidiary of Prosperity Bancshares, a financial holding company based in Houston.

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