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New Mexico-based Trinity Capital completes early redemption of debt securities

Los Alamos, N.M.-based Trinity Capital Corp. on March 8 completed the early redemption of its $10.3 million junior subordinated deferrable interest debentures due March 8, 2030.

Trinity Capital's primary federal regulator approved the redemption on Jan. 24.

The securities carried an interest rate of 10.875%. They were callable at a redemption rate of 101.088%, plus accrued and unpaid interest, for a total redemption price of about $11.0 million.