By Andrea Heisinger
Omaha, April 15 - Zions Bancorporation announced Tuesday it priced nearly $87 million of 4.65% one-year senior notes through an online auction, according to a press release from the company.
The notes priced to yield 4.69%.
About $6.6 million of the notes were sold to individuals and institutions participating in the auction. More than $67 million were sold to investors at par without them having to participate in the auction, and another $13 million were sold under a distribution agreement with broker dealers.
The banking company is based in Salt Lake City.
| Issuer: | Zions Bancorporation
|
| Issue: | Senior notes
|
| Amount: | Nearly $87 million
|
| Maturity: | 2009
|
| Coupon: | 4.65%
|
| Yield: | 4.69%
|
| Trade date: | April 14
|
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