trending Market Intelligence /marketintelligence/en/news-insights/trending/22yaf0vin-w_so7buhlgwg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

First Republic Bank offering subordinated notes

TMT: Leading Trends And What To Watch

US Utility Commissioners: A Key Factor In Assessing Regulatory Risk

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel


First Republic Bank offering subordinated notes

SanFrancisco-based First RepublicBank disclosed a public offering of its subordinated notes.

Netproceeds from the offering are expected to be used for general corporatepurposes, which may include funding loans or purchasing investment securitiesfor its portfolio. The bank may also use the net proceeds, together with cashon hand, to redeem, subject to regulatory approvals, its 6.70% noncumulativeperpetual seriesA preferred stock. The preferred stock is redeemable at FirstRepublic Bank's option, in whole or in part, on or after Jan. 30, 2017,according to a news release.

Thesubordinated notes are intended to qualify as Tier 2 capital for bankregulatory purposes.

MerrillLynch Pierce Fenner & Smith Inc., J.P. Morgan and Morgan Stanley areserving as joint book-running managers for the offering.