trending Market Intelligence /marketintelligence/en/news-insights/trending/cvrv5j22lxflqhcnk5dhyq2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Los Angeles-based Preferred Bank closes sale of additional $27.5M of sub notes

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns


The Global Impact of COVID-19

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

Los Angeles-based Preferred Bank closes sale of additional $27.5M of sub notes

LosAngeles-based PreferredBank on Sept. 30 completed the sale of an additional $27.5 millionin aggregate principal amount of fixed-to-floating rate subordinated notes dueJune 15, 2026.

According toa Form 8-K, the debt securities were sold to institutional accredited investorsin a private offering. The notes were issued on the same terms andconditions as the $72.5 million of notes issued on and .

The notescarry an interest rate of 6.0%, paid semiannually, until June 15, 2021, atwhich point the rate changes to three-month LIBOR plus 467.3 basis points,adjusted quarterly.