New Issue: Treasury auctions $2.94 million of Prairie Star’s TARP preferreds

By Stephanie N. Rotondo

Phoenix, June 19 – The Department of the Treasury sold via auction $2.94 million of series 2009 and 2009-W fixed-rate cumulative perpetual preferred stock issued by Prairie Star Bancshares Inc., according to a press release.

The preferreds were sold to the Treasury as part of the Troubled Asset Relief Program. The modified Dutch auction began Monday and concluded late Thursday.

A total of 2,800 series 2009 preferreds were sold at $1,187.61 per share. Another 140 series 2009-W preferreds were sold for $1,350.13 each.

Total proceeds to the Treasury came to $3.51 million.

Prairie Star is based in Olathe, Kan.

Issuer:	Prairie Star Bancshares Inc.
Securities:	Fixed-rate cumulative perpetual preferred stock
Amount:	$2.94 million
Proceeds:	$3,514,326
Pricing date:	June 18
Settlement date:	June 29
Series 2009 preferreds
Amount:	$2.8 million, or 2,800 shares
Proceeds:	$3,325,308
Price:	$1,187.61
Par:	$1,000
Series 2009-W preferreds
Amount:	$140,000, or 140 shares
Proceeds:	$189,018.20
Price:	$1,350.13
Par:	$1,000

© 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.