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Associated Banc-Corp to reopen 5.125% notes to add $130 million
By Andrea Heisinger
New York, Sept. 8 - Associated Banc-Corp will reopen its issue of 5.125% notes due 2016 (Baa1/BBB-/BBB-), according to a 424B3 filing with the Securities and Exchange Commission.
The size of the reopening is $130 million, a source said.
Total issuance will include the initial $300 million priced on March 21 at 320 basis points over Treasuries.
Goldman Sachs & Co. is bookrunner.
Proceeds are being used to help repay the balance of $262.5 billion of fixed-rate cumulative perpetual preferred stock sold to the Treasury under the Troubled Asset Relief Program.
Associated Banc-Corp also sold $65 million of perpetual preferred stock on Wednesday at par of $25.
The bank holding company is based in Green Bay, Wis.
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