trending Market Intelligence /marketintelligence/en/news-insights/trending/7ezhdqsnxhd6wksvcaxeeg2 content esgSubNav
In This List

Bank of N.T. Butterfield & Son prices $75M debt offering

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Bank of N.T. Butterfield & Son prices $75M debt offering

Bank of N.T. Butterfield & Son Ltd. priced an offering of $75 million aggregate principal amount of its 5.25% fixed-to-floating rate subordinated notes due 2028.

The offering is expected to close on or about May 24.

The Hamilton, Bermuda-based company intends to use the net proceeds to repay a portion of its outstanding debt and for other general corporate purposes.

Sandler O'Neill & Partners and Wells Fargo Securities are acting as joint book-running managers for the offering.