Huntington trusts to redeem $36 million of preferreds in October

By Ashley Montgomery

Kansas City, Kan., Aug. 17 - Huntington Bancshares Inc. announced the redemption of trust preferred securities issued by two of its trusts in a news release Friday.

On Oct. 7, Prospect Trust I's $6 million variable-rate preferreds due April 7, 2033 will be redeemed.

On Oct. 8, Sky Financial Capital Trust II's $30 million variable-rate preferreds due Oct. 8, 2033 will be redeemed.

All of the preferreds will be redeemed with the company's existing cash at par plus accrued interest to the redemption date.

Huntington Bancshares is a financial holding company based in Columbus, Ohio.

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