trending Market Intelligence /marketintelligence/en/news-insights/trending/L3l7dFrqhbuVsX6Fbd9ICQ2 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

Security Federal to redeem senior debentures due 2029

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Security Federal to redeem senior debentures due 2029

Aiken, S.C.-based Security Federal Corp. on Jan. 2 gave a notice of redemption to the holders of its 8.0% convertible senior debentures due 2029.

The company intends to fully redeem $6.0 million of the issued and outstanding debentures March 2.

The redemption price is equal to 100% of the principal amount of the debentures plus the accrued and unpaid interest thereon from Dec. 1, 2019, through but excluding March 2. The aggregate accrued interest on the debentures payable on the redemption date will be about $122,223.11, or about $20.22 on each $1,000 of the debentures.

Before Feb. 28, holders of the debentures may convert the debentures into common shares of the company at 50 common shares for each $1,000 of the debentures, or a conversion price of $20 per share.

Payment of the redemption price for the debentures will be made by the trustee, Wilmington Trust Co., in its capacity as paying agent.