said it has commenceda cash tender offer to purchase any and all of its outstanding aggregate principalamount of its 8.875% senior notes due 2017.
The total purchaseprice offered for each $1,000 principal amount of notes is $1,015.00, plus accruedand unpaid interest, the bank said in a July 8 statement.
As of July 7,$176.5 million aggregate principal amount of the notes was outstanding. The offerwill expire July 14 while payment will be made July 15, unless extended.
Citigroup GlobalMarkets Inc. serves as dealer manager.