trending Market Intelligence /marketintelligence/en/news-insights/trending/9n9ocLwykRcckp1soGX0og2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

IBERIABANK Corp. issues depositary shares

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

IBERIABANK Corp. issues depositary shares

Lafayette, La.-based IBERIABANKCorp. on May 9 issued an aggregate of 2.3 million depositary shares,according to a Form 8-K filing.

The shares each represent a 0.0025 ownership interest in a shareof the company's 6.60% fixed-to-floating non-cumulative perpetual preferred stockseries C, par value $1.00 per share. The liquidation preference for the shares is$10,000 per preferred share, equivalent to $25 per depositary share, which represents$57.5 million in aggregate liquidation preference.

Keefe Bruyette & Woods Inc. and Merrill Lynch Pierce Fenner& Smith Inc. served as underwriters.